Valley National Bancorp Announces Regular Quarterly Dividends for Preferred and Common Stock
Valley National Bancorp (NASDAQ:VLY) (“Valley”), which serves as the holding company for Valley National Bank, has officially declared its regular dividends for both preferred and common stock. The details of the quarterly dividends for shareholders of record are as follows:
Dividend Breakdown
Shareholders will receive a cash dividend of $0.390625 per share for Valley’s Non-Cumulative Perpetual Preferred Stock Series A.
A cash dividend of $0.598871 per share will be distributed for Valley’s Non-Cumulative Perpetual Preferred Stock Series B.
For Valley’s Non-Cumulative Perpetual Preferred Stock Series C, a cash dividend of $0.320833 per share is set to be paid.
Additionally, a cash dividend of $0.11 per share will be issued for Valley’s common stock.
Dividend Consistency
The cash dividend amount for common stock remains the same as it was in the previous quarter. However, it's important to note that this common cash dividend should not be viewed as a predictor of future dividends for Valley’s common stockholders.
About Valley National Bancorp
Valley National Bank, the main subsidiary of Valley National Bancorp, operates as a regional bank with assets totaling approximately $62 billion. The bank is dedicated to empowering individuals and businesses to thrive. With numerous branch locations and commercial banking offices, Valley aims to provide convenient services, cutting-edge innovations, and a knowledgeable team focused on fulfilling customer needs. At the core of Valley’s corporate citizenship philosophy is a commitment to fostering community growth and prosperity.
Contact Information
If you have any questions, please reach out to:
Travis Lan
Executive Vice President and
Deputy Chief Financial Officer
(973) 686-5007
Frequently Asked Questions
What are the announced dividends for Valley National Bancorp?
The announced dividends consist of various amounts for different series of preferred stock, along with a common stock dividend that remains unchanged.
When will the dividends be paid?
The dividends are scheduled to be paid on specific dates in September and October.
How much is the cash dividend for the common stock?
The cash dividend for the common stock is set at $0.11 per share.
What is the financial position of Valley National Bank?
Valley National Bank boasts approximately $62 billion in assets, underscoring its strong financial standing.
Who can I contact for more information?
For additional details, you can contact Travis Lan at (973) 686-5007.
