Valley National Bancorp (NASDAQ:VLYPP) Trading Up 0.8% – Here’s Why

Valley National Bancorp (NASDAQ:VLYPP) shares rose 0.8% on Wednesday . The company traded as high as $24.78 and last traded at $24.77. Approximately 5,421 shares were traded during mid-day trading, an increase of 14% from the average session volume of 4,740 shares. The stock had previously closed at $24.57.

Valley National Bancorp Price Performance

The company’s fifty day moving average price is $25.04 and its two-hundred day moving average price is $25.12.

Valley National Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.4991 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 8.1%. The ex-dividend date of this dividend was Monday, June 15th. This is a boost 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.