American National Bankshares Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

American National Bankshares Inc. (NASDAQ: AMNB) has declared a quarterly cash dividend of $0.28 per common share, payable on June 17, 2022, to shareholders on record as of June 3, 2022. This dividend matches the previous quarter's amount, with a yield of approximately 3.2% based on the stock's closing price of $34.52 on May 16, 2022. The company, headquartered in Danville, Virginia, boasts total assets of about $3.3 billion and operates a community bank serving Virginia and North Carolina, managing additional $1.1 billion in wealth management assets.

Positive

• Quarterly cash dividend of $0.28 per share, consistent with prior quarter.
• Dividend yield of approximately 3.2%, enhancing shareholder income.
• Total assets of approximately $3.3 billion, indicating financial stability.

Negative

• None.

DANVILLE, Va., May 17, 2022 (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 June 17, 2022 to shareholders of record June 3, 2022.

The dividend amount is the same as the prior quarter’s dividend and based on the stock’s closing price of $34.52 on May 16, 2022, represents a dividend yield of approximately 3.2%.

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 Management 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 declared by American National Bankshares Inc. (AMNB)?

The declared dividend amount is $0.28 per common share.

When will the dividend be paid to shareholders of AMNB?

The dividend will be paid on June 17, 2022.

What is the dividend yield for American National Bankshares' stock?

The dividend yield is approximately 3.2%, based on a closing price of $34.52.

What assets does American National Bankshares Inc. manage?

American National Bankshares manages approximately $3.3 billion in total assets and an additional $1.1 billion in trust, investment, and brokerage assets.