Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends
November 18 2020 - 5:36PM
Valley National Bancorp (
NASDAQ:VLY) (“Valley”),
the holding company for Valley National Bank, announced today its
regular preferred and common dividends. The declared quarterly
dividends to shareholders of record on December 15, 2020 are as
follows:
- A cash dividend of $0.390625 per
share to be paid December 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 December 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 January 4, 2021 on Valley’s common stock.
The common stock cash dividend amount per share
was unchanged as compared to the previous quarter 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 approximately
$41 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, including
the potential effects of the COVID-19 pandemic on our businesses
and financial results and conditions. 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, 2019 and its Quarterly Report on Form
10-Q for the quarter ended September 30, 2020.
Contact: Travis Lan,
SVPCorporate Finance &
Business
Development(973)
686-5007
Valley National Bancorp (NASDAQ:VLY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Valley National Bancorp (NASDAQ:VLY)
Historical Stock Chart
From Jul 2023 to Jul 2024