Valley National Bancorp announces quarterly dividends for preferred and common stock, unchanged for common shares.
Quiver AI Summary
Valley National Bancorp announced its regular preferred and common dividends for shareholders of record on December 13, 2024. The dividends include $0.390625 per share for Series A preferred stock, $0.533568 for Series B, and $0.515625 for Series C, all payable on December 30, 2024. Additionally, a common stock dividend of $0.11 per share will be paid on January 2, 2025, remaining unchanged from the previous quarter. Valley, which operates as a regional bank with over $62 billion in assets, emphasizes its commitment to customer service and community growth. The announcement also contains forward-looking statements about the company's expectations and strategies, cautioning that actual results may differ due to various risks and uncertainties.
Potential Positives
- Valley National Bancorp declared regular cash dividends for preferred and common stock, indicating a commitment to returning value to shareholders.
- The dividend for common stock remains unchanged from the previous quarter, demonstrating stability in the company's financial position.
- Dividends on the non-cumulative perpetual preferred stock series represent ongoing support for preferred shareholders, reinforcing investor confidence.
Potential Negatives
- The common stock cash dividend amount per share remains unchanged from the previous quarter, which may indicate stagnation or reduced profitability compared to prior performance.
- The press release cautions that the common cash dividend should not be used as an indicator of future dividends, suggesting uncertainty about future dividend stability for shareholders.
- The mention of potential risks and uncertainties surrounding forward-looking statements may create concern about the company's future performance and strategies among investors.
FAQ
What are the declared dividends for Valley National Bancorp?
The declared dividends include cash payments for preferred stock and common stock, detailed in the announcement.
When will the dividends be paid to shareholders?
The dividends will be paid on December 30, 2024, for preferred stocks and January 2, 2025, for common stock.
What is the cash dividend for Valley's common stock?
The cash dividend for common stock is $0.11 per share, unchanged from the previous quarter.
Who can I contact for more information about Valley National Bancorp?
For more information, you can contact Travis Lan at (973) 686-5007.
What is the significance of the forward-looking statements in the release?
The forward-looking statements highlight management's expectations and strategies, which involve risks and uncertainties affecting actual results.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$VLY Insider Trading Activity
$VLY insiders have traded $VLY stock on the open market 4 times in the past 6 months. Of those trades, 1 have been purchases and 3 have been sales.
Here's a breakdown of recent trading of $VLY stock by insiders over the last 6 months:
- JOSEPH CHILLURA (SEVP, CML Banking President) has traded it 2 times. They made 0 purchases and 2 sales, selling 35,000 shares.
- SIDNEY S WILLIAMS purchased 742 shares.
- ANDREW B ABRAMSON sold 16,451 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$VLY Hedge Fund Activity
We have seen 153 institutional investors add shares of $VLY stock to their portfolio, and 213 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FULLER & THALER ASSET MANAGEMENT, INC. removed 7,519,714 shares (-46.5%) from their portfolio in Q3 2024
- WELLINGTON MANAGEMENT GROUP LLP added 7,118,044 shares (+384.2%) to their portfolio in Q3 2024
- VICTORY CAPITAL MANAGEMENT INC added 5,322,278 shares (+1501.7%) to their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC added 4,717,334 shares (+170.0%) to their portfolio in Q3 2024
- AQR CAPITAL MANAGEMENT LLC removed 4,141,916 shares (-40.7%) from their portfolio in Q3 2024
- NORGES BANK removed 3,525,032 shares (-77.0%) from their portfolio in Q2 2024
- BALYASNY ASSET MANAGEMENT L.P. removed 2,920,088 shares (-100.0%) from their portfolio in Q2 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Valley National Bancorp (
NASDAQ:VLY
) ("Valley"), the holding company for Valley National Bank, announced today its regular preferred and common dividends. The declared quarterly dividends to shareholders of record on December 13, 2024 are as follows:
A cash dividend of $0.390625 per share to be paid December 30, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series A;
A cash dividend of $0.533568 per share to be paid December 30, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series B;
A cash dividend of $0.515625 per share to be paid December 30, 2024 on Valley's Non-Cumulative Perpetual Preferred Stock Series C; and
A cash dividend of $0.11 per share will be paid January 2, 2025 on Valley's common stock.
The common stock cash dividend amount per share was unchanged as compared to the previous quarter dividend. The common cash dividend should not be used as an indicator of future dividends to Valley's common stockholders.
About Valley
As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with over $62 billion in assets. Valley is committed to giving people and businesses the power to succeed. Valley operates many convenient branch locations and commercial banking offices in New Jersey, New York, Florida, Alabama, California, and Illinois and is committed to providing the most convenient service, the latest innovations and an experienced and knowledgeable team dedicated to meeting customer needs. Helping communities grow and prosper is the heart of Valley's corporate citizenship philosophy. To learn more about Valley, go to or call our Customer Care Center at 800-522-4100.
Forward Looking Statements
The foregoing contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are not historical facts and include expressions about management's confidence and strategies and management's expectations about Valley's business, new and existing programs and products, acquisitions, relationships, opportunities, taxation, technology, market conditions and economic expectations. These statements may be identified by such forward-looking terminology as "intend," "should," "expect," "believe," "view," "opportunity," "allow," "continues," "reflects," "typically," "usually," "anticipate," "may," "estimate," "outlook," "project," or similar statements or variations of such terms. Such forward-looking statements involve certain risks and uncertainties. Valley's actual results may differ materially from such forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, but are not limited to those risk factors disclosed in Valley's Annual Report on Form 10-K for the year ended December 31, 2023.
Contact: | Travis Lan |
Executive Vice President and | |
Deputy Chief Financial Officer | |
(973) 686-5007 |
