Valley National Bancorp's VLYPP is an exchange-traded preferred stock in the National Commercial Banks sector. At a recent price of $24.95, VLYPP yields 8.00% on its $25 liquidation preference and 6.25% coupon. It trades at a discount of 0.2% to par. The issue is non-cumulative, perpetual (no stated maturity), callable on or after 2025-06-30. Distributions are paid quarterly. Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.