First National Corporation Announces Increase in Cash Dividend for 10th Consecutive Year
First National (Nasdaq: FXNC) announced a 3% increase in its quarterly cash dividend to $0.155 per share, marking the company's tenth consecutive year of dividend growth. The Board of Directors declared the dividend on November 13, 2024, payable on December 13, 2024, to shareholders of record as of November 29, 2024. This represents an increase from the previous quarterly dividend paid on September 13, 2024.
First National (Nasdaq: FXNC) ha annunciato un aumento del 3% del suo dividendo trimestrale in contante a $0,155 per azione, segnando il decimo anno consecutivo di crescita dei dividendi per l'azienda. Il Consiglio di Amministrazione ha dichiarato il dividendo il 13 novembre 2024, pagabile il 13 dicembre 2024, agli azionisti registrati fino al 29 novembre 2024. Questo rappresenta un aumento rispetto al precedente dividendo trimestrale pagato il 13 settembre 2024.
First National (Nasdaq: FXNC) anunció un aumento del 3% en su dividendo en efectivo trimestral a $0.155 por acción, marcando el décimo año consecutivo de crecimiento de dividendos de la compañía. La Junta Directiva declaró el dividendo el 13 de noviembre de 2024, pagadero el 13 de diciembre de 2024, a los accionistas registrados a partir del 29 de noviembre de 2024. Esto representa un aumento respecto al dividendo trimestral anterior pagado el 13 de septiembre de 2024.
퍼스트 내셔널 (Nasdaq: FXNC)은 분기 현금 배당금을 3% 인상하여 주당 $0.155로 결정했다고 발표했습니다. 이는 회사가 배당금을 늘린 10년째입니다. 이사회는 배당금을 2024년 11월 13일에 선언했으며, 2024년 12월 13일에 2024년 11월 29일 기준 주주에게 지급됩니다. 이는 2024년 9월 13일에 지급된 이전 분기 배당금에 대한 증가를 나타냅니다.
First National (Nasdaq: FXNC) a annoncé une augmentation de 3% de son dividende en espèces trimestriel à 0,155 $ par action, marquant la dixième année consécutive de croissance du dividende de la société. Le Conseil d'Administration a déclaré le dividende le 13 novembre 2024, payable le 13 décembre 2024, aux actionnaires enregistrés à la date du 29 novembre 2024. Cela représente une augmentation par rapport au dividende trimestriel précédent versé le 13 septembre 2024.
First National (Nasdaq: FXNC) gab eine 3%ige Erhöhung seiner vierteljährlichen Barausschüttung auf 0,155 $ pro Aktie bekannt und erreicht damit das zehnte Jahr in Folge mit Dividendenwachstum. Der Vorstand erklärte die Dividende am 13. November 2024, zahlbar am 13. Dezember 2024, an die Aktionäre, die zum 29. November 2024 im Aktienregister stehen. Dies stellt eine Erhöhung im Vergleich zur vorherigen vierteljährlichen Dividende dar, die am 13. September 2024 ausgezahlt wurde.
- 10th consecutive year of dividend increases demonstrates consistent financial strength
- 3% increase in quarterly dividend shows commitment to shareholder returns
- Regular dividend payments indicate stable cash flow generation
- None.
STRASBURG, Va., Nov. 15, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of First National Corporation (the “Company”) (Nasdaq: FXNC) declared a quarterly cash dividend of
ABOUT FIRST NATIONAL CORPORATION
First National Corporation (NASDAQ: FXNC) is the parent company and bank holding company of First Bank (the “Bank”), a community bank that first opened for business in 1907 in Strasburg, Virginia. The Bank offers loan and deposit products and services through its website, www.fbvirginia.com, its mobile banking platform, a network of ATMs located throughout its market area, three loan production offices, a customer service center in a retirement community, and thirty-three bank branch office locations located throughout the Shenandoah Valley, the central regions of Virginia, the Roanoke Valley, the city of Richmond, and in northern North Carolina. In addition to providing traditional banking services, the Bank operates a wealth management division under the name First Bank Wealth Management. The Bank also owns First Bank Financial Services, Inc., which owns an interest in an entity that provides title insurance services.
CAUTION ABOUT FORWARD-LOOKING STATEMENTS
Certain information contained in this communication may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements relate to the Company’s plans, objectives, expectations and intentions and other statements that are not historical facts, and other statements identified by words such as “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “targets,” and “projects,” as well as similar expressions. Although the Company believes that its expectations with respect to the forward-looking statements are based upon reliable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results, performance, or achievements will not differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties. For details on factors that could affect expectations, future events, or results, see the risk factors and other cautionary language included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, and most recent Quarterly Report on form 10-Q and other filings with the Securities and Exchange Commission (the “SEC”).
CONTACTS
| Scott C. Harvard | M. Shane Bell | |
| President and CEO | Executive Vice President and CFO | |
| (540) 465-9121 | (540) 465-9121 | |
| sharvard@fbvirginia.com | sbell@fbvirginia.com | |
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