NEW YORK, Aug. 20, 2024 (GLOBE NEWSWIRE) — Valley National Bancorp (NASDAQ:VLY) (“Valley”), the holding company of Valley National Bank, today announced its regular preferred and common dividends. The quarterly dividends announced to shareholders of record on September 13, 2024 are as follows:

• A cash dividend of $0.390625 per share payable on September 30, 2024 on Valley’s Series A non-cumulative perpetual preferred stock;

• A cash dividend of $0.598871 per share payable on September 30, 2024 on Valley’s Series B non-cumulative perpetual preferred stock;

• A cash dividend of $0.320833 per share payable on September 30, 2024 on Valley’s Series C non-cumulative perpetual preferred stock; and

• A cash dividend of $0.11 per share will be paid on Valley’s common stock on October 1, 2024.

The cash dividend per common share was unchanged from the prior quarter’s dividend. The cash dividend should not be used as an indicator of future dividends to Valley’s common shareholders.

About Valley

As the principal subsidiary of Valley National Bancorp, Valley National Bank is a regional bank with approximately $62 billion in assets. Valley is committed to giving people and businesses the opportunity to succeed. Operating many branches and commercial banking locations in New Jersey, New York, Florida, Alabama, California and Illinois, Valley is committed to providing the most convenient service, the latest innovations and an experienced and knowledgeable team dedicated to meeting customer needs. Helping communities grow and prosper is at the heart of Valley’s corporate citizenship philosophy. For more information about Valley, visit www.valley.com or call our Customer Service Center 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 statements regarding management’s confidence and strategies, as well as management’s expectations regarding Valley’s business, new and existing programs and products, acquisitions, relationships, opportunities, taxation, technology, market conditions and economic expectations. These statements can be identified by forward-looking terminology such as “intend,” “should,” “expect,” “believe,” “view,” “opportunity,” “allow,” “continue,” “reflect,” “typically,” “normally,” “anticipate,” “could,” “estimate,” “outlook,” “project” or similar statements or variations of such terminology. Such forward-looking statements involve certain risks and uncertainties. Valley’s actual results may differ materially from such forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include, among others, the risk factors disclosed in Valley’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023.

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