Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends
August 18 2021 - 6:30PM
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 September 15, 2021 are as
follows:
- A cash dividend of $0.390625 per
share to be paid September 30, 2021 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 September 30, 2021 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 October 1, 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
Care 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,” “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, 2020 and in Item 1A of our Quarterly Report on Form
10-Q for the quarter ended June 30, 2021.
Contact: |
Travis Lan,
SVP |
|
Corporate Finance & |
|
Business Development |
|
(973) 686-5007 |
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