Preferred Stock

ACRES Commercial Realty Corp. announced cash dividends for its preferred stock, signaling confidence in the market. Series C shareholders will receive $0.6379156 per share, with a variable rate tied to Term SOFR, while Series D shareholders will receive $0.4921875 per share. Both dividends are payable July 30, 2025, to shareholders of record as of July 1, 2025. ACRES focuses on commercial real estate lending and investment.

Valley National Bancorp reaffirmed quarterly dividends, maintaining its common stock payout at $0.11 (July 1) and preferred share distributions (Series A: $0.390625, B: $0.514326, C: $0.515625) payable June 30. While highlighting near-term stability, leadership warned against assuming dividend predictability. The regional bank’s strategy balances shareholder returns with capital preservation, featuring a conservative 1.9% annualized yield on common shares and preferred stock averaging 5.7%, aligning with market expectations. Analysts note Valley’s approach addresses regulatory and competitive pressures as it expands operations, though common dividends remain discretionary, tied to earnings and economic conditions.