Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends
February 26 2020 - 9:00AM
Valley National Bancorp (
NASDAQ: VLY) (“Valley”),
the holding company for Valley National Bank, announced today its
regular quarterly preferred and common dividends. The declared
quarterly dividends to shareholders of record on March 13, 2020 are
as follows:
- A cash dividend of $0.390625 per
share to be paid March 30, 2020 on Valley’s 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, 2020 on Valley’s 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 1, 2020 on Valley’s 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
As the principal subsidiary of Valley National
Bancorp, Valley National Bank is a regional bank with $37.5 billion
in assets. Valley is committed to giving people and businesses the
power to succeed. Valley operates many convenient branch locations
across New Jersey, New York, Florida and Alabama, and is committed
to providing the most convenient service, the latest innovations
and an experienced and knowledgeable team dedicated to meeting
customer needs. Helping communities grow and prosper is the heart
of Valley’s corporate citizenship philosophy. To learn more about
Valley, go to valley.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," "will," "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, 2018.
Contact: |
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Rick Kraemer, FSVPDirector, Corporate
Finance973-686-4817 |
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