Valley Ntl: Dividend Insights
Portfolio Pulse from Benzinga Insights
Valley National Bancorp (NASDAQ:VLY) announced a quarterly dividend of 11 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning the stock by the end of Tuesday's session will be eligible for the dividend, which will be paid on January 3, 2024. The stock is expected to open 11 cents lower on the ex-dividend date to reflect the payout.
December 08, 2023 | 2:45 pm
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Valley National Bancorp (VLY) will pay a quarterly dividend of 11 cents per share. The stock will likely open lower by the dividend amount on the ex-dividend date, reflecting the payout.
The stock price of VLY is expected to drop by the amount of the dividend on the ex-dividend date, which is a common occurrence as the dividend payout is factored into the stock price. This is a short-term impact and is typically priced in quickly.
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