Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends
Valley National Bancorp (NASDAQ:VLY) has announced its regular quarterly preferred and common stock dividends.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Valley National Bancorp (NASDAQ:VLY) has announced its regular quarterly preferred and common stock dividends. For shareholders of record on December 13, 2024, the company will pay: $0.390625 per share on Series A Preferred Stock, $0.533568 per share on Series B Preferred Stock, and $0.515625 per share on Series C Preferred Stock, all on December 30, 2024. Additionally, a common stock dividend of $0.11 per share will be paid on January 2, 2025, remaining unchanged from the previous quarter.
Positive
- Maintained stable quarterly common dividend of $0.11 per share
- Consistent dividend payments across all preferred stock series
Negative
- None.
Details
News Market Reaction – VLY
The recorded move for VLY in the trading session of this news was -0.39%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- 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 13, 2024 are as follows:
- A cash dividend of
$0.390625 per share to be paid December 30, 2024 on Valley’s Non-Cumulative Perpetual Preferred Stock Series A; - A cash dividend of
$0.533568 per share to be paid December 30, 2024 on Valley’s Non-Cumulative Perpetual Preferred Stock Series B; - A cash dividend of
$0.515625 per share to be paid December 30, 2024 on Valley’s Non-Cumulative Perpetual Preferred Stock Series C; and - A cash dividend of
$0.11 per share will be paid January 2, 2025 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
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. These statements may be identified by such forward-looking terminology as “intend,” “should,” “expect,” “believe,” “view,” “opportunity,” “allow,” “continues,” “reflects,” “typically,” “usually,” “anticipate,” “may,” “estimate,” “outlook,” “project,” or similar statements or variations of such terms. Such forward-looking statements involve certain risks and uncertainties. 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, 2023.
| Contact: | Travis Lan |
| Executive Vice President and | |
| Deputy Chief Financial Officer | |
| (973) 686-5007 |
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