Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends
March 03 2023 - 7:55AM
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, 2023 are as
follows:
- A cash dividend of $0.390625 per
share to be paid March 30, 2023 on Valley’s Non-Cumulative
Perpetual Preferred Stock Series A;
- A cash dividend of $0.519241 per
share to be paid March 30, 2023 on Valley’s Non-Cumulative
Perpetual Preferred Stock Series B; and
- A cash dividend of $0.11 per share
will be paid April 3, 2023 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
$57 billion in assets. Valley is committed to giving people and
businesses the power to succeed. Valley operates many convenient
branch locations and commercial banking offices across New Jersey,
New York, Florida, Alabama, California, and Illinois 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 www.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,” “outlook,” “project,”
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, 2022.
Contact: |
Travis
Lan, SVP |
|
Corporate Finance & |
|
Business Development |
|
(973) 686-5007 |
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