WAYNE, N.J., May 26, 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 June 30, 2016 to shareholders of record on June 10, 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 July 1, 2016 to shareholders of record on June 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.
Valley National Bancorp is a regional bank holding company headquartered in Wayne, New Jersey with approximately $21.7 billion in assets. Its principal subsidiary, Valley National Bank, currently operates 226 branch locations serving 30 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, 2015.
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SOURCE Valley National Bancorp