Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends
Valley National Bancorp (NASDAQ:VLY) declared its quarterly dividends for shareholders of record on December 15, 2022. The dividends include: $0.390625 per share for Non-Cumulative Perpetual Preferred Stock Series A and $0.458295 per share for Series B, both payable on December 30, 2022. Additionally, a cash dividend of $0.11 per share on common stock will be paid on January 3, 2023. Notably, the common stock dividend remains unchanged from the previous quarter.
- Quarterly dividends declared provide consistent income for shareholders.
- Preferred stock dividends reflect company stability.
- Common stock dividend unchanged, indicating potential stagnation in dividends.
NEW YORK, Nov. 18, 2022 (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 15, 2022 are as follows:
- A cash dividend of
$0.39 0625 per share to be paid December 30, 2022 on Valley’s Non-Cumulative Perpetual Preferred Stock Series A; - A cash dividend of
$0.45 8295 per share to be paid December 30, 2022 on Valley’s Non-Cumulative Perpetual Preferred Stock Series B; and - A cash dividend of
$0.11 per share will be paid January 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 nearly
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,” “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. 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, 2021.
| Contact: | Travis Lan, FSVP |
| Corporate Finance & | |
| Business Development | |
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FAQ
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