American National Bankshares Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

American National Bankshares (NASDAQ: AMNB) has declared a quarterly cash dividend of $0.30 per common share, payable on March 17, 2023, to shareholders of record on March 3, 2023. This maintains the same dividend as the previous quarter, representing a $0.02 or 7.1% increase from the first quarter of 2022. With a closing stock price of $33.52 on February 21, 2023, the dividend yield stands at approximately 3.6%. American National Bankshares is a multi-state bank holding company with total assets of around $3.0 billion and operates in Virginia and North Carolina.

Positive

• Quarterly cash dividend of $0.30 per share, same as prior quarter.
• 7.1% increase from Q1 2022.
• Dividend yield is approximately 3.6% based on recent stock price.

Negative

• None.

DANVILLE, Va., Feb. 22, 2023 (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 $0.30 per common share, payable March 17, 2023 to shareholders of record on March 3, 2023.

The dividend amount is the same as the prior quarter’s dividend, and a $0.02 or 7.1% increase from the first quarter of 2022. Based on the stock’s closing price of $33.52 on February 21, 2023, the dividend yield is approximately 3.6%.

About American National
American National is a multi-state bank holding company with total assets of approximately $3.0 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 $1.2 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 latest dividend declaration for AMNB?

American National Bankshares has declared a quarterly cash dividend of $0.30 per common share.

When is the dividend payable for AMNB?

The dividend is payable on March 17, 2023, to shareholders of record on March 3, 2023.

What is the dividend yield for AMNB?

The dividend yield is approximately 3.6% based on a closing stock price of $33.52.

How much has the dividend increased for AMNB compared to last year?

The dividend has increased by $0.02 or 7.1% from the first quarter of 2022.