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Ex-Dividend Reminder: Prosperity Bancshares, RenaissanceRe Holdings and Valley National Bancorp

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As a percentage of PB's recent stock price of $63.01, this dividend works out to approximately 0.89%, so look for shares of Prosperity Bancshares Inc. to trade 0.89% lower — all else being equal — when PB shares open for trading on 12/14/23. Similarly, investors should look for RNR to open 0.19% lower in price and for VLY to open 1.10% lower, all else being equal.

Below are dividend history charts for PB, RNR, and VLY, showing historical dividends prior to the most recent ones declared.

Prosperity Bancshares Inc. (NYSE:PB):

RenaissanceRe Holdings Ltd. (NYSE:RNR):

Valley National Bancorp (NASDAQ:VLY):

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.55% for Prosperity Bancshares Inc., 0.75% for RenaissanceRe Holdings Ltd., and 4.41% for Valley National Bancorp.

In Tuesday trading, Prosperity Bancshares Inc. shares are currently off about 0.1%, RenaissanceRe Holdings Ltd. shares are up about 1.2%, and Valley National Bancorp shares are up about 0.2% on the day.