Valley National Bancorp (NASDAQ:VLYPO) Trading 0% Higher – What’s Next?

Valley National Bancorp (NASDAQ:VLYPO)’s stock price traded up 0% during mid-day trading on Wednesday . The company traded as high as $24.94 and last traded at $24.86. Approximately 3,953 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 7,262 shares. The stock had previously closed at $24.85.

Valley National Bancorp Price Performance

The company has a 50-day simple moving average of $24.85 and a 200 day simple moving average of $24.93.

Valley National Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.4838 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.94 annualized dividend and a dividend yield of 7.8%. This is an increase from Valley National Bancorp’s previous quarterly dividend of $0.48.

Valley National Bancorp Company Profile

Valley National Bancorp is a bank holding company headquartered in Wayne, New Jersey, operating through its primary subsidiary, Valley National Bank. The company provides a full range of commercial and consumer banking services, including deposit accounts, lending products, and treasury management. Valley National Bancorp also offers mortgage origination, residential mortgage servicing, wealth management, insurance, and trust services to individuals, small businesses, and middle-market companies.

In its commercial banking segment, Valley National Bancorp serves clients with business checking and savings accounts, commercial and industrial loans, equipment leasing and financing, and treasury management solutions.