Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends
Valley National Bancorp (NASDAQ:VLY) has declared regular quarterly dividends for its preferred and common stockholders.
Preferred stockholders will receive $0.390625 per share on Series A and $0.577693 per share on Series B. These will be paid on July 1, 2024, and June 28, 2024, respectively.
Common stockholders will receive $0.11 per share, to be paid on July 2, 2024. The common stock dividend remains unchanged from the previous quarter.
Record date for all dividends is June 13, 2024, and the announcement emphasizes that the common cash dividend should not be used as an indicator for future dividends.
- Regular quarterly dividends declared for both preferred and common stock.
- Preferred Series A dividend of $0.390625 per share.
- Preferred Series B dividend of $0.577693 per share.
- Common stock dividend of $0.11 per share remains consistent with the previous quarter.
- Common stock dividend is unchanged, providing no increase in shareholder returns.
- Announcement explicitly states common cash dividend should not be used as an indicator for future dividends, implying uncertainty.
NEW YORK, May 30, 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 June 13, 2024 are as follows:
- A cash dividend of
$0.39 0625 per share to be paid July 1, 2024 on Valley’s Non-Cumulative Perpetual Preferred Stock Series A;
- A cash dividend of
$0.57 7693 per share to be paid June 28, 2024 on Valley’s Non-Cumulative Perpetual Preferred Stock Series B; and
- A cash dividend of
$0.11 per share will be paid July 2, 2024 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
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 |
FAQ
What is the dividend amount for Valley National Bancorp's preferred stock Series A?
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What is the dividend amount for Valley National Bancorp's preferred stock Series B?
When will Valley National Bancorp pay the dividends for preferred stock Series B?
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Has the common stock dividend amount changed for Valley National Bancorp?
Does the common stock dividend indicate future dividends for Valley National Bancorp?
