Valley National Bancorp's most recent quarterly dividend of $0.11 per share was on Mar 13, 2024 (ex-date). The annualized payout of $0.44 per share represents a current dividend yield of 5.66%.
Valley National Bancorp's dividend yield of 5.66% is higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 3.41%, Valley National Bancorp's dividend yield is 66% higher. The historical 5-year average of VLY's dividend yield is 4.4%, which is lower than the current one.
Valley National Bancorp has a history of paying dividends since 1994. Our records of VLY show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed for the last year. But since the stock price has gone down by 7% from a year ago, the dividend yield has an increase of 7%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 13, 2024 | Apr 2, 2024 | Feb 21, 2024 | $0.11 | normal |
| Dec 13, 2023 | Jan 3, 2024 | Dec 6, 2023 | $0.11 | normal |
| Sep 13, 2023 | Oct 2, 2023 | Aug 14, 2023 | $0.11 | normal |
| Jun 14, 2023 | Jul 3, 2023 | May 23, 2023 | $0.11 | normal |
| Mar 14, 2023 | Apr 3, 2023 | Mar 3, 2023 | $0.11 | normal |
| Dec 14, 2022 | Jan 3, 2023 | Nov 14, 2022 | $0.11 | normal |
| Sep 14, 2022 | Oct 3, 2022 | Aug 16, 2022 | $0.11 | normal |
| Jun 14, 2022 | Jul 1, 2022 | May 17, 2022 | $0.11 | normal |
| Mar 14, 2022 | Apr 1, 2022 | Mar 2, 2022 | $0.11 | normal |
| Dec 14, 2021 | Jan 3, 2022 | Dec 3, 2021 | $0.11 | normal |
| Sep 14, 2021 | Oct 1, 2021 | Aug 18, 2021 | $0.11 | normal |
| Jun 14, 2021 | Jul 1, 2021 | May 19, 2021 | $0.11 | normal |
| Mar 12, 2021 | Apr 1, 2021 | Feb 23, 2021 | $0.11 | normal |
| Dec 14, 2020 | Jan 4, 2021 | Nov 18, 2020 | $0.11 | normal |
| Sep 14, 2020 | Oct 1, 2020 | Aug 12, 2020 | $0.11 | normal |
| Jun 12, 2020 | Jul 1, 2020 | May 20, 2020 | $0.11 | normal |
| Mar 12, 2020 | Apr 1, 2020 | Feb 26, 2020 | $0.11 | normal |
| Dec 12, 2019 | Jan 2, 2020 | Nov 13, 2019 | $0.11 | normal |
| Sep 12, 2019 | Oct 1, 2019 | Aug 13, 2019 | $0.11 | normal |
| Jun 13, 2019 | Jul 1, 2019 | May 21, 2019 | $0.11 | normal |
| Mar 14, 2019 | Apr 1, 2019 | Feb 27, 2019 | $0.11 | normal |
| Dec 13, 2018 | Jan 2, 2019 | Nov 15, 2018 | $0.11 | normal |
| Sep 13, 2018 | Oct 2, 2018 | Aug 14, 2018 | $0.11 | normal |
| Jun 14, 2018 | May 22, 2018 | $0.11 | normal | |
| Mar 14, 2018 | Apr 2, 2018 | Mar 1, 2018 | $0.11 | normal |
| Dec 21, 2017 | Nov 28, 2017 | $0.11 | normal | |
| Sep 14, 2017 | Aug 22, 2017 | $0.11 | normal | |
| Jun 14, 2017 | May 25, 2017 | $0.11 | normal | |
| Jun 13, 2017 | Jul 3, 2017 | May 25, 2017 | $0.11 | normal |
| Mar 14, 2017 | Mar 1, 2017 | $0.11 | normal | |
| Mar 13, 2017 | Apr 3, 2017 | Mar 1, 2017 | $0.11 | normal |
| Dec 14, 2016 | Nov 17, 2016 | $0.11 | normal | |
| Dec 13, 2016 | Jan 3, 2017 | Nov 17, 2016 | $0.11 | normal |
| Sep 14, 2016 | Aug 23, 2016 | $0.11 | normal | |
| Sep 13, 2016 | Oct 3, 2016 | Aug 23, 2016 | $0.11 | normal |
| Jun 14, 2016 | May 26, 2016 | $0.11 | normal | |
| Jun 13, 2016 | Jul 1, 2016 | May 26, 2016 | $0.11 | normal |
Valley National Bancorp's payout ratio of 46.3% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 39.6%, Valley National Bancorp's payout ratio is 17% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| VLY Valley National Bancorp | 5.68% | $0.44 | 46.3% |
| PKBK Parke Bancorp Inc | 4.36% | $0.72 | 30.3% |
| MTB M&T Bank Corp | 3.5% | $5.2 | 32.8% |
| UNTY Unity Bancorp Inc | 1.8% | $0.49 | 12.6% |
| PGC Peapack Gladstone Financial Corp | 0.87% | $0.2 | 7.3% |
Yes, Valley National Bancorp has paid four dividends in the last 12 months. VLY has been paying dividends since 1994.
VLY hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in June 2024.
Valley National Bancorp's last regular dividend was on Mar 13, 2024 (ex-date) with the amount of $0.11 per share.
VLY has paid dividend of $0.44 per share in the last year.
Valley National Bancorp's current dividend yield is 5.66%.
Valley National Bancorp has a quarterly dividend frequency.
Valley National Bancorp's dividend payout ratio is 46.3%.
Valley National Bancorp's dividend yield is higher than the Financial Services sector average.