WAYNE, N.J., April 7, 2008 /PRNewswire-FirstCall/ -- Valley National
Bancorp (NYSE: VLY) ("Valley") today reported that the Board of Directors
approved a 5 percent stock dividend payable May 23, 2008, to shareholders
of record on May 9, 2008.
Gerald H. Lipkin, Chairman, President and Chief Executive Officer of
Valley National Bancorp said, "In conjunction with the stock dividend,
Valley's Board has set the annual cash dividend at $0.80 per share going
forward."
Mr. Lipkin noted that we have declared a stock dividend or stock split
for 17 straight years, since 1992. The next regular quarterly cash dividend
is due to be paid on July 1, 2008.
Valley National Bancorp is a regional bank holding company with over
$12 billion in assets, headquartered in Wayne, New Jersey. Its principal
subsidiary, Valley National Bank, currently operates 176 branches in 115
communities serving 14 counties throughout northern and central New Jersey
and New York City.
SOURCE Valley National Bancorp
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Related links:
http://www.valleynationalbank.com
http://www.prnewswire.com/comp/141340.html /
CONTACT:
Alan D. Eskow, Executive Vice President &
Chief Financial Officer, +1-973-305-4003
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