Valley National Bancorp (NYSE:VLY) the holding company for Valley National Bank, announced that a common stock cash dividend of $0.1725 per share will be paid January 3, 2012 to shareholders of record on December 15, 2011 . The dividend amount per share is unchanged as compared to the previous quarterly cash dividend. The cash dividend should not be used as an indicator of future dividends to Valley's stockholders.
Valley is a regional bank holding company with over $14 billion in assets, headquartered in Wayne, New Jersey . Its principal subsidiary, Valley National Bank, currently operates 197 branches in 135 communities serving 14 counties throughout northern and central New Jersey , Manhattan , Brooklyn and Queens .