Skyline Bankshares, Inc. Announces Semi-Annual Cash Dividend

Rhea-AI Summary

Skyline Bankshares, Inc. (SLBK) declares a semi-annual cash dividend of $0.23 per share, a 9.52% increase from the previous dividend. The dividend will be paid on March 18, 2024, to shareholders of record on March 8, 2024. Skyline National Bank, the Company's subsidiary, operates in Virginia and North Carolina with 27 branches and 2 loan production offices.

Positive

• Skyline Bankshares, Inc. announces a semi-annual cash dividend of $0.23 per share.
• The dividend represents a 9.52% increase from the previous dividend of $0.21 per share.
• Shareholders of record on March 8, 2024, will receive the dividend on March 18, 2024.
• Skyline National Bank, the Company's subsidiary, operates in Virginia and North Carolina with 27 branches and 2 loan production offices.

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• None.

FLOYD, Va., and INDEPENDENCE, Va., Feb. 23, 2024 (GLOBE NEWSWIRE) --  Skyline Bankshares, Inc. (the “Company”) (OTC QX: SLBK) – the holding company for Skyline National Bank (the “Bank”), announces a semi-annual cash dividend on the Company’s common stock of $0.23 per share, payable March 18, 2024 to shareholders of record on March 8, 2024. The Company’s Board of Directors declared the dividend on February 20, 2024. This semi-annual cash dividend payment is an increase of $0.02 per share, or 9.52%, from the semi-annual dividend of $0.21 per share paid on September 18, 2023.

Skyline National Bank is the wholly-owned subsidiary of Skyline Bankshares, Inc. and serves southwestern Virginia and northwestern North Carolina with 27 branches and 2 loan production offices.

FAQ

What is the amount of the semi-annual cash dividend declared by Skyline Bankshares, Inc. (SLBK)?

Skyline Bankshares, Inc. (SLBK) has declared a semi-annual cash dividend of $0.23 per share.

When will the semi-annual cash dividend be paid to shareholders of Skyline Bankshares, Inc. (SLBK)?

The semi-annual cash dividend will be paid on March 18, 2024, to shareholders of record on March 8, 2024.

How many branches does Skyline National Bank, a subsidiary of Skyline Bankshares, Inc. (SLBK), operate?

Skyline National Bank, a subsidiary of Skyline Bankshares, Inc. (SLBK), operates in Virginia and North Carolina with 27 branches and 2 loan production offices.