American National Bankshares Inc. Announces Increase in Quarterly Dividend

Rhea-AI Summary

American National Bankshares Inc. (NASDAQ: AMNB) has declared a quarterly cash dividend of $0.28 per common share, payable on December 17, 2021, to shareholders of record on December 3, 2021. This marks a 3.7% increase from the previous quarter's dividend. With a closing stock price of $38.70 on November 16, 2021, the dividend yield is approximately 2.9%. American National, headquartered in Danville, Virginia, oversees assets totaling around $3.3 billion and operates 26 banking offices in Virginia and North Carolina.

Positive

• Quarterly cash dividend increased by $0.01 or 3.7%.
• Current dividend yield is approximately 2.9%.
• Total assets amount to approximately $3.3 billion.

Negative

• None.

DANVILLE, Va., Nov. 17, 2021 (GLOBE NEWSWIRE) -- American National Bankshares Inc. (NASDAQ: AMNB), parent company of American National Bank and Trust Company, announced its Board of Directors has declared a quarterly cash dividend of $0.28 per common share, payable December 17, 2021 to shareholders of record December 3, 2021.

The dividend amount represents a $0.01 per share or 3.7% increase from the prior quarter’s dividend. Based on the stock’s closing price of $38.70 on November 16, 2021, the dividend yield is approximately 2.9%.
        
About American National
American National is a multi-state bank holding company with total assets of approximately $3.3 billion. Headquartered in Danville, Virginia, American National is the parent company of American National Bank and Trust Company. American National Bank is a community bank serving Virginia and North Carolina with 26 banking offices. American National Bank also manages an additional $1.1 billion of trust, investment and brokerage assets in its Wealth Division. Additional information about American National and American National Bank is available on American National’s website at www.amnb.com.

Contact:	Jeffrey W. Farrar, Chief Operating and Chief Financial Officer
	434-773-2274
	farrarj@amnb.com

 

FAQ

What is the dividend amount announced by AMNB?

The dividend amount announced by American National Bankshares Inc. is $0.28 per common share.

When will the dividend be paid to shareholders?

The dividend will be paid on December 17, 2021.

What is the record date for AMNB's dividend?

The record date for the dividend is December 3, 2021.

What is the current dividend yield for AMNB?

The current dividend yield for AMNB is approximately 2.9%.