Valley National Bancorp Declares Its Regular Quarterly Preferred and Common Stock Dividends
December 06 2023 - 3:34PM
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 14, 2023 are as
follows:
- A cash dividend of $0.390625 per share to be paid January 2,
2024 on Valley’s Non-Cumulative Perpetual Preferred Stock Series
A;
- A cash dividend of $0.576856 per share to be paid December 29,
2023 on Valley’s Non-Cumulative Perpetual Preferred Stock Series B;
and
- A cash dividend of $0.11 per share will be paid January 3, 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 $61 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,”
“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. 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 and Quarterly Report on Form
10-Q for quarterly period ended September 30, 2023.
Contact: |
Travis
Lan, FSVP |
|
Corporate Finance & |
|
Business Development |
|
(973) 686-5007 |
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