WAYNE, N.J., March 1, 2018
/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 March 30, 2018 to
shareholders of record on March 15,
2018 on its 6.25% Fixed-To-Floating Rate Non-Cumulative
Perpetual Preferred Stock Series A;
- A cash dividend of $0.34375 per
share to be paid March 30, 2018 to
shareholders of record on March 15,
2018 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 April 2, 2018 to
shareholders of record on March 15,
2018 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 $29 billion in assets. Its principal subsidiary,
Valley National Bank, currently operates over 230 branch locations
in northern and central New
Jersey, the New York City
boroughs of Manhattan,
Brooklyn, Queens and Long
Island, Florida and
Alabama. Valley National Bank is
one of the largest commercial banks headquartered in New Jersey and is committed to providing the
most convenient service, the latest in product innovations and an
experienced and knowledgeable staff with a high priority on
friendly customer service. For more information about Valley
National Bank and its products and services, please visit
www.valleynationalbank.com or call our Customer Service Center 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 September 30,
2017.
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SOURCE Valley National Bank