EAGLE FINANCIAL SERVICES, INC. ANNOUNCES QUARTERLY DIVIDEND

Rhea-AI Summary

Eagle Financial Services, Inc. (OTCQX: EFSI) announced a quarterly cash dividend of $0.30 per common share on January 25, 2023. This dividend will be payable on February 17, 2023, to shareholders who are on record by February 6, 2023. The Bank of Clarke, the primary subsidiary, provides a variety of banking services across several counties in Virginia and Maryland, with a strong presence through its branches and loan production offices. This dividend declaration highlights the company's commitment to returning value to its shareholders and indicates financial stability within the current economic landscape.

Positive

• Quarterly cash dividend of $0.30 per share reflects financial stability.
• Dividend payable on February 17, 2023, indicates consistent shareholder returns.

Negative

• None.

BERRYVILLE, Va., Jan. 25, 2023 /PRNewswire/ -- Eagle Financial Services, Inc. (OTCQX: EFSI), the holding company for Bank of Clarke, whose divisions include Bank of Clarke Wealth Management, declared a regular cash dividend on January 25, 2022, of $0.30 per common share payable February 17, 2023, to shareholders of record on February 6, 2023.

The Bank of Clarke offers a broad range of commercial banking, retail banking and trust and investment services through 12 bank branches located throughout Clarke, Frederick, Loudoun and Fauquier Counties, as well as the City of Winchester, Towns of Purcellville and Leesburg and Ashburn, VA. The Bank also has loan production offices in Tysons, VA and Frederick, MD. The Company's common stock trades on the OTC Markets Group's OTCQX Market under the symbol EFSI.

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SOURCE Eagle Financial Services, Inc.

FAQ

What is the amount of the quarterly dividend announced by EFSI?

Eagle Financial Services, Inc. announced a quarterly dividend of $0.30 per common share.

When will the EFSI dividend be payable?

The dividend will be payable on February 17, 2023.

What is the record date for the EFSI dividend?

The record date for the dividend is February 6, 2023.

How does the dividend announcement impact EFSI shareholders?

The dividend announcement indicates financial stability and a commitment to returning value to shareholders.