Shares of Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) were up 0.1% during trading on Tuesday after the company announced a dividend. The company traded as high as $25.50 and last traded at $25.47. Approximately 3,095 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 16,597 shares. The stock had previously closed at $25.45.
The newly announced dividend which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be paid a $0.5336 dividend. This represents a $2.13 dividend on an annualized basis and a dividend yield of 8.38%. The ex-dividend date of this dividend is Friday, December 13th.
Valley National Bancorp Stock Performance
The company’s 50-day moving average price is $25.23 and its two-hundred day moving average price is $24.67.
About Valley National Bancorp
Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, private banking, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments.
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