WAYNE, N.J., Aug. 22, 2017 /PRNewswire/ -- Valley National
Bancorp (NYSE: VLY) ("Valley"), the holding company for Valley
National Bank, announced today its regular quarterly preferred and
common dividends. The declared quarterly dividends are as
follows:
- A cash dividend of $0.390625 per
share to be paid October 2, 2017 to
shareholders of record on September 15,
2017 on its 6.25% Fixed-To-Floating Rate Non-Cumulative
Perpetual Preferred Stock Series A;
- A cash dividend of $0.221528 per
share to be paid October 2, 2017 to
shareholders of record on September 15,
2017 on its 5.50% Fixed-To-Floating Rate Non-Cumulative
Perpetual Preferred Stock Series B; and
- A cash dividend of $0.11 per
share will be paid October 3, 2017 to
shareholders of record on September 15,
2017 on its common stock.
The common stock cash dividend amount per share was unchanged as
compared to the previous quarterly dividend. The common cash
dividend should not be used as an indicator of future dividends to
Valley's common stockholders.
About Valley
Valley National Bancorp is a regional
bank holding company headquartered in Wayne, New Jersey with over $23 billion in assets. Its principal subsidiary,
Valley National Bank, currently operates over 200 branch locations
in northern and central New
Jersey, the New York City
boroughs of Manhattan,
Brooklyn, Queens and Long
Island, and Florida. Valley
National Bank is one of the largest commercial banks headquartered
in New Jersey with Executive
Offices in Manhattan and
West Palm Beach. Helping
communities grow and prosper is the heart of Valley's corporate
citizenship philosophy. For more information about Valley National
Bank and its products and services, please visit a convenient
branch location, www.valleynationalbank.com or call our Customer
Service Team at 800-522-4100.
Forward Looking Statements
The foregoing contains
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such statements are not
historical facts and include expressions about management's
confidence and strategies and management's expectations about new
and existing programs and products, acquisitions, relationships,
opportunities, taxation, technology, market conditions and economic
expectations. These statements may be identified by such
forward-looking terminology as "should," "expect," "believe,"
"view," "opportunity," "allow," "continues," "reflects,"
"typically," "usually," "anticipate," or similar statements or
variations of such terms. Such forward-looking statements involve
certain risks and uncertainties and Valley's actual results may
differ materially from such forward-looking statements. Factors
that may cause actual results to differ materially from those
contemplated by such forward-looking statements include, but are
not limited to those risk factors disclosed in Valley's Annual
Report on Form 10-K for the year ended December 31, 2016 and Quarterly Report on Form
10-Q for the period ended June 30,
2017.
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SOURCE Valley National Bancorp