Valley National Bancorp (NASDAQ:VLY) will begin trading ex-dividend on September 14, 2020. The quarterly dividend payment of $ 0.11 per share is scheduled to be paid on October 1, 2020. The dividend yield based on the latest trading day closing price was 6.05 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Valley National Bancorp recently reported second quarter financial results on July 23, 2020, before market open, the Wayne based company outlined income for the second quarter of $ 0.23 per share, from the revenue of $ 327.39 million. The quarterly revenues enlarged 30.28 percent compared with the same quarter last year. Wall street analysts are predicting, VLY to report 2Q20 income of $ 0.21 per share from revenue of $ 306.35 million. The bottom line results beat street analysts by $ 0.02 or 9.52 percent, at the same time, top line results outshined analysts by $ 21.04 million or 6.87 percent.
Stock Performance
Shares of Valley National Bancorp traded low $ -0.13 or -1.76 percent on Thursday, reaching $ 7.27 with volume of 1.50 million shares. Valley National Bancorp has traded high as $ 7.46 and has cracked $ 7.27 on the downward trend
According to the previous trading day, closing price of $ 7.27, representing a 23.33 % increase from the 52 week low of $ 6.00 and a 39.04 % decrease over the 52 week high of $ 12.14.
The company has a market capital of $ 2.94 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Valley National Bancorp operates as the holding company for the Valley National Bank that provides commercial, retail, insurance, and wealth management financial services. The company operates through Commercial Lending, Consumer Lending, and Investment Management segments. Its deposit products include non-interest bearing, savings, NOW, and money market accounts, as well as certificates of deposit.
