Shares of Valley National Bancorp (NASDAQ:VLYPO – Get Free Report) shot up 0.3% during mid-day trading on Friday . The company traded as high as $21.75 and last traded at $21.75. 814 shares changed hands during trading, a decline of 97% from the average session volume of 25,805 shares. The stock had previously closed at $21.68.
Valley National Bancorp Stock Performance
The stock has a fifty day simple moving average of $22.34 and a 200-day simple moving average of $22.14.
Valley National Bancorp Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, September 14th were issued a dividend of $0.5824 per share. This represents a $2.33 dividend on an annualized basis and a yield of 10.71%. The ex-dividend date of this dividend was Wednesday, September 13th. This is a boost from Valley National Bancorp’s previous quarterly dividend of $0.56.
Valley National Bancorp Company Profile
Valley National Bancorp operates as the holding company for Valley National Bank that provides various commercial, retail, insurance, and wealth management financial services products. It operates through Consumer Banking, Commercial Banking, and Treasury and Corporate other segments. The company offers non-interest bearing, savings, NOW, money market, and time deposit accounts; commercial and industrial, commercial real estate, residential mortgage, and automobile loans; loans secured by the cash surrender value of life insurance; home equity loans and lines of credit; and secured and unsecured other consumer loans.
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