Valley National Bancorp (VLY) will begin trading ex-dividend on September 14, 2020. A cash dividend payment of $0.11 per share is scheduled to be paid on October 01, 2020. Shareholders who purchased VLY prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 28th quarter that VLY has paid the same dividend. At the current stock price of $7.27, the dividend yield is 6.05%.
The previous trading day's last sale of VLY was $7.27, representing a -40.12% decrease from the 52 week high of $12.14 and a 21.17% increase over the 52 week low of $6.
VLY is a part of the Finance sector, which includes companies such as J P Morgan Chase & Co (JPM) and Bank of America Corporation (BAC). VLY's current earnings per share, an indicator of a company's profitability, is $.78. Zacks Investment Research reports VLY's forecasted earnings growth in 2020 as 4.57%, compared to an industry average of -18.1%.
Interested in gaining exposure to VLY through an Exchange Traded Fund [ETF]?
The following ETF(s) have VLY as a top-10 holding:
- First Trust NASDAQ ABA Community Bank Index Fund (QABA).
The top-performing ETF of this group is QABA with an increase of 3.94% over the last 100 days. It also has the highest percent weighting of VLY at 1.8%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.