Valley National Bancorp (NASDAQ:VLYPP) Trading Down 0% – Here’s What Happened

Valley National Bancorp (NASDAQ:VLYPP) dropped 0% during trading on Tuesday . The stock traded as low as $25.08 and last traded at $25.10. Approximately 16,004 shares changed hands during trading, an increase of 257% from the average daily volume of 4,489 shares. The stock had previously closed at $25.11.

Valley National Bancorp Stock Performance

The stock’s 50-day simple moving average is $25.13 and its two-hundred day simple moving average is $25.19.

Valley National Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.4991 per share. This represents a $2.00 annualized dividend and a yield of 8.0%. The ex-dividend date is Monday, June 15th. This is a positive change from Valley National Bancorp’s previous quarterly dividend of $0.49.

About Valley National Bancorp

Valley National Bancorp (NASDAQ: VLYPP) is a bank holding company headquartered in Wayne, New Jersey, whose principal subsidiary, Valley Bank, delivers a full spectrum of financial services. Founded in 1927 as The Bank of Passaic County, the company has grown through strategic acquisitions and organic expansion to become a regional banking franchise. Valley National Bancorp provides commercial and consumer banking services, with offerings that include deposit accounts, business and agricultural lending, residential real estate financing, and treasury management solutions.

In addition to core lending and deposit-taking activities, Valley National Bancorp operates specialized businesses covering mortgage banking, wealth management, and insurance services.