Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) shares shot up 0.1% on Tuesday following a dividend announcement from the company. The company traded as high as $25.50 and last traded at $25.47. 3,095 shares changed hands during mid-day trading, a decline of 81% from the average session 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 dividend of $0.5336 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.13 annualized dividend and a dividend yield of 8.38%.
Valley National Bancorp Trading Up 0.0 %
The company’s fifty day moving average is $25.23 and its 200-day moving average is $24.68.
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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