Valley National Bancorp (NASDAQ:VLYPO) Stock Price Up 0.1% After Dividend Announcement

Valley National Bancorp (NASDAQ:VLYPO) rose 0.1% during mid-day trading on Tuesday after the company announced a dividend. The stock traded as high as $25.50 and last traded at $25.47. Approximately 3,095 shares traded hands during 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. Investors of record on Friday, December 13th will be given a dividend of $0.5336 per share. This represents a $2.13 dividend on an annualized basis and a yield of 8.38%. The ex-dividend date is Friday, December 13th.

Valley National Bancorp Price Performance

The firm has a 50-day simple moving average of $25.23 and a 200 day simple moving average of $24.67.

Valley National Bancorp Company Profile

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.