Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends

Rhea-AI Summary

Valley National Bancorp (NASDAQ:VLY) has announced its regular quarterly preferred and common stock dividends. The company declared dividends for shareholders of record on March 14, 2025, with payments scheduled for late March and early April 2025.

The dividend schedule includes:

• Series A Preferred Stock: $0.390625 per share, payable March 31, 2025
• Series B Preferred Stock: $0.516197 per share, payable March 31, 2025
• Series C Preferred Stock: $0.515625 per share, payable March 31, 2025
• Common Stock: $0.11 per share, payable April 1, 2025

The common stock dividend remains unchanged from the previous quarter, though the company notes this should not be used as an indicator of future dividend payments.

Positive

• Maintained quarterly common stock dividend at $0.11 per share
• Consistent dividend payments across all preferred stock series

Negative

• None.

NEW YORK, Feb. 19, 2025 (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 March 14, 2025 are as follows:

• A cash dividend of $0.390625 per share to be paid March 31, 2025 on Valley’s Non-Cumulative Perpetual Preferred Stock Series A;
  
  
• A cash dividend of $0.516197 per share to be paid March 31, 2025 on Valley’s Non-Cumulative Perpetual Preferred Stock Series B;
  
  
• A cash dividend of $0.515625 per share to be paid March 31, 2025 on Valley’s Non-Cumulative Perpetual Preferred Stock Series C; and
  
  
• A cash dividend of $0.11 per share will be paid April 1, 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 $62 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 in 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. 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 Interim Chief Financial Officer (973) 686-5007

FAQ

What is Valley National Bancorp's (VLY) current quarterly common stock dividend?

Valley National Bancorp's quarterly common stock dividend is $0.11 per share, payable April 1, 2025.

When is the record date for VLY's Q1 2025 dividend payment?

The record date for Valley National Bancorp's Q1 2025 dividend payment is March 14, 2025.

What are the dividend rates for VLY's preferred stock series?

Valley National Bancorp's preferred stock dividend rates are: Series A - $0.390625, Series B - $0.516197, and Series C - $0.515625 per share.

Has VLY changed its common stock dividend compared to the previous quarter?

No, Valley National Bancorp's common stock dividend remained unchanged at $0.11 per share compared to the previous quarter.

When will VLY pay its Q1 2025 preferred stock dividends?

Valley National Bancorp will pay its preferred stock dividends on March 31, 2025.