The $0.5156 payout on VLYPN shares yields 8.03% and will be distributed to holders of record by September 15.
Valley National Bancorp announced a $0.5156 per share quarterly dividend for its Fixed Rate Reset Perpetual Preferred Series C (VLYPN). The dividend carries an 8.03% forward yield and is payable on October 1.
The payout is set for shareholders of record as of September 15, with the ex-dividend date also on September 15. The announcement follows the company’s standard dividend schedule for preferred shares.
No immediate market reaction was disclosed in the release.