Valley National Bancorp to Pay $0.11 Dividend, Payout Ratio at 50%

Valley National Bancorp will pay a dividend of $0.11 on January 2, which is above the industry average. The company has a long history of paying dividends and a payout ratio of 50%, which suggests that the dividend can be sustained. Analysts forecast EPS growth of 80.5% over the next 3 years and a future payout ratio of 32%. The dividend has been consistently paid out over the past 10 years, but the growth rate has been slow.