WAYNE, N.J., Feb. 24, 2016 /PRNewswire/ -- Valley National
Bancorp (NYSE:VLY)("Valley"), the holding company for Valley
National Bank, announced today that a preferred stock cash dividend
of $0.390625 per share will be paid
March 30, 2016 to shareholders of
record on March 11, 2016 on its 6.25%
Fixed-To-Floating Rate Non-Cumulative Perpetual Preferred Stock
Series A.
Valley also announced that a common stock cash dividend of
$0.11 per share will be paid
April 1, 2016 to shareholders of
record on March 15, 2016. The
dividend amount per share was unchanged as compared to the previous
quarterly common cash dividend. The common cash dividend should not
be used as an indicator of future dividends to Valley's common
stockholders.
About Valley
Valley National Bancorp is a regional
bank holding company headquartered in Wayne, New Jersey with over $21 billion in assets. Its principal subsidiary,
Valley National Bank, currently operates 227 branch locations
serving 31 counties throughout northern and central New Jersey, the New
York City boroughs of Manhattan, Brooklyn, Queens and Long
Island, and Florida. Valley
National Bank is one of the largest commercial banks headquartered
in New Jersey and is committed to
providing the most convenient service, the latest in product
innovations and an experienced and knowledgeable staff with a high
priority on friendly customer service 24 hours a day, 7 days a
week. For more information about Valley National Bank and its
products and services, please visit www.valleynationalbank.com or
call Customer Service 24/7 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 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 "should," "expect," "believe,"
"view," "opportunity," "allow," "continues," "reflects,"
"typically," "usually," "anticipate," or similar statements or
variations of such terms. Such forward-looking statements involve
certain risks and uncertainties and 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, 2014.
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SOURCE Valley National Bancorp