Valley National Bancorp Announces Quarterly Dividends for Shareholders
Valley National Bancorp Shares Dividend News
Valley National Bancorp (NASDAQ: VLY), based in New York, has officially announced its regular quarterly dividends for both preferred and common stock. These dividends are aimed at rewarding its loyal shareholders.
Quarterly Dividend Breakdown
For shareholders of record on the designated payment dates, Valley National Bancorp declared several cash dividends:
Preferred Stock Dividends
The bank will distribute a cash dividend of $0.390625 per share on its Non-Cumulative Perpetual Preferred Stock Series A, payable on a specified date. In addition, Series B shareholders can expect to receive a cash dividend of $0.514326 per share. Similarly, the Non-Cumulative Perpetual Preferred Stock Series C will yield a dividend of $0.515625 per share. These structured payouts affirm the bank's dedication to its preferred stockholders.
Common Stock Dividend
Moreover, a cash dividend of $0.11 per share will be allocated to common stockholders on an upcoming date. It is noteworthy that this amount remains unchanged compared to the previous quarter, indicating consistency in the bank's dividend strategy.
Valley National Bancorp Overview
Valley National Bank, as the main subsidiary of Valley National Bancorp, boasts an impressive asset portfolio amounting to $62 billion. As a regional banking institution, Valley National Bank aims to empower both individuals and businesses in their financial endeavors. With numerous branches across various states such as New Jersey, New York, and Florida, the bank is well-positioned to offer innovative services and support to its clientele.
Community Commitment
Valley's commitment extends beyond banking; it actively participates in fostering community growth and prosperity. This dedication is central to its corporate philosophy, which prioritizes customer service excellence and responsiveness to the evolving needs of the community.
Customer Support
For those seeking more information on Valley National Bancorp or its services, individuals can contact their Customer Care Center at 800-522-4100. The bank's representatives are dedicated to assisting customers with inquiries, ensuring a positive experience for every customer.
Frequently Asked Questions
What are the dividend amounts declared by Valley National Bancorp?
Valley National Bancorp declared preferred stock dividends of $0.390625, $0.514326, and $0.515625 for Series A, B, and C, respectively, along with a common stock dividend of $0.11.
When will the dividends be paid?
The dividends are scheduled for payment on the stated dates following the record dates for shareholders.
How does Valley National Bancorp support the community?
Valley National Bancorp is dedicated to community enrichment through its corporate citizenship philosophy, which emphasizes helping communities grow and prosper.
What services does Valley National Bank provide?
As a regional bank, Valley National Bank offers a variety of banking services tailored for individuals and businesses, supported by a team of knowledgeable professionals.
Who can shareholders contact for more information?
Shareholders can reach out to Valley's Customer Care Center at 800-522-4100 for assistance and inquiries regarding their investments.
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