Recs

0

Valley National Declares Fresh Dividend

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Valley National Bank (NYSE: VLY  ) is opening its vault for another shareholder payout. The company has declared a quarterly common stock dividend of $0.1625 per share, to be paid on October 1 to shareholders of record as of September 13. That amount matches all of the bank's preceding distributions stretching back to July 2012. Prior to that, the company dispensed $0.1643 per share.

In the press release announcing the news, Valley National cautioned that the upcoming payout "should not be used as an indicator of future dividends to Valley's stockholders."

The just-declared distribution annualizes to $0.65 per share. That yields 6.1% at the bank's current stock price of $10.61.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2593598, ~/Articles/ArticleHandler.aspx, 7/29/2015 10:08:32 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Eric Volkman
TMFVolkman

Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.

Today's Market

updated 52 minutes ago Sponsored by:
DOW 17,751.39 121.12 0.69%
S&P 500 2,108.57 15.32 0.73%
NASD 5,111.73 22.53 0.44%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

7/29/2015 4:01 PM
VLY $10.10 Down +0.00 +0.00%
Valley National Ba… CAPS Rating: ****

Advertisement