WAYNE, N.J., March 1, 2017 /PRNewswire/ -- Valley
National Bancorp (NYSE: VLY) ("Valley"), the holding
company for Valley National Bank, announced today that a preferred
stock cash dividend of $0.390625 per
share will be paid March 30, 2017 to
shareholders of record on March 10,
2017 on its 6.25% Fixed-To-Floating Rate Non-Cumulative
Perpetual Preferred Stock Series A.
Valley also announced that a common stock cash dividend of
$0.11 per share will be paid
April 3, 2017 to shareholders of
record on March 15, 2017. The
dividend amount per share was unchanged as compared to the previous
quarterly common cash 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 approximately
$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. For more
information about Valley National Bank and its products and
services, please visit a convenient branch location,
valleynationalbank.com or call our 24/7 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.
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SOURCE Valley National Bancorp