Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends
March 02 2022 - 2:42PM
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 March 15, 2022 are as
follows:
- A cash dividend of $0.390625 per
share to be paid March 30, 2022 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, 2022 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, 2022 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 over $43
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 Valley’s business, 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,” “would,” “could,” “typically,”
“usually,” “anticipate,” “may,” “estimate,” 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
September 30, 2021.
Contact: |
Travis
Lan, SVP Corporate Finance &
Business Development (973)
686-5007 |
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