Valley National Bancorp's Quarterly Dividends Announced

Valley National Bancorp Announces Regular Dividends

Valley National Bancorp (NASDAQ:VLY), a key player in the financial service industry, recently made an important announcement regarding its regular dividends. This news is significant for the company's shareholders and reinforces Valley's commitment to providing value. The dividends pertain to both preferred and common stock, offering an opportunity for investors to benefit from their stakes in the bank.

Details of the Declared Dividends

The dividends are set for shareholders who will be recorded by the company prior to a specific date, indicating an organized approach to dividend distribution. The cash dividends include:

• A cash dividend of $0.537128 per share on Valley’s Non-Cumulative Perpetual Preferred Stock Series A, payable on a specified date in the future.
• A cash dividend of $0.519750 per share for the Non-Cumulative Perpetual Preferred Stock Series B, also scheduled for payment on the same date.
• A cash dividend of $0.515625 per share will be paid for the Non-Cumulative Perpetual Preferred Stock Series C.
• A cash dividend of $0.11 per share will be paid on Valley's common stock, with the payment expected shortly after the preferred stocks stakeholders receive their dividends.

Dividend Stability and Future Expectations

It is essential to note that the dividend amount for common stock has remained consistent in comparison to the previous quarter’s figures. However, Valley advises its investors not to interpret this consistency as an assurance of future dividends. This is a clear indication of the bank's cautious but optimistic approach regarding future payout policies and financial strategies.

Understanding Valley National Bank's Position

As a significant subsidiary of Valley National Bancorp, Valley National Bank stands out with approximately $62 billion in assets. This financial strength enables Valley to support its growth initiatives and service offerings. The bank's influential presence across various regions reflects its dedication to enhancing community economic wellbeing.

Commitment to Customers

Valley National Bank prides itself on providing exceptional service through numerous branch locations and commercial banking offices spread across several states. Its pledge to innovation ensures that customers have access to the latest banking solutions, demonstrating a holistic approach to banking tailored to meet the diverse needs of its clients.

Community Engagement and Corporate Citizenship

Valley's commitment to community growth and prosperity is integral to its corporate philosophy. The bank actively engages in initiatives designed to foster economic development and enhance the quality of life for its customers and local communities. This dedication clearly reflects in its business practices and relationships.

Contact Information for Shareholders

For any inquiries or additional details regarding dividends, shareholders can reach out to:

Travis Lan, Senior Executive Vice President and Chief Financial Officer, available at (973) 686-5007.

Frequently Asked Questions

What are the dividends announced by Valley National Bancorp?

The bank has announced dividends for both preferred and common stock, with specific amounts detailed for each series.

When will shareholders receive their dividends?

Shareholders of record will receive their dividends in the designated pay periods outlined in the announcement.

How does the stability of dividends reflect on Valley's performance?

The stability indicates a cautious approach by Valley, suggesting they are managing their resources effectively despite market fluctuations.

Is the common stock dividend an indicator of future payouts?

No, Valley advises that the unchanged common cash dividend should not be viewed as a guarantee for future dividends.

How can shareholders contact Valley National Bancorp for inquiries?

Shareholders can contact Travis Lan, the CFO, for questions or concerns at the provided phone number.

About The Author

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