Virginia National Bankshares Corporation Announces Cash Dividend

Rhea-AI Summary

Virginia National Bankshares Corporation (NASDAQ: VABK) announced a quarterly cash dividend of $0.30 per share, payable on September 24, 2021, to shareholders on record as of September 10, 2021. This dividend represents an annual yield of approximately 3.23% based on the stock's closing price on August 30, 2021. The Company operates through its banking offices in Virginia, offering a range of financial services, including investment management and fiduciary services.

Positive

• Quarterly cash dividend of $0.30 per share announced.
• Annual yield of approximately 3.23% provides income for shareholders.

Negative

• None.

CHARLOTTESVILLE, Va., Aug. 31, 2021 /PRNewswire/ -- Virginia National Bankshares Corporation (the "Company") (NASDAQ: VABK) announced today that its Board of Directors declared a quarterly cash dividend of $0.30 per share to be paid on September 24, 2021 to shareholders of record as of September 10, 2021. The quarterly cash dividend represents an annual yield to shareholders of approximately 3.23% based on the closing price of the Company's common stock on August 30, 2021.

About Virginia National Bankshares Corporation

Virginia National Bankshares Corporation, headquartered in Charlottesville, Virginia, is the bank holding company for Virginia National Bank. The Bank has eleven banking offices throughout Fauquier and Prince William counties, four banking offices in Charlottesville and Albemarle County, and one banking office in Winchester, and offers loan, deposit and treasury management services in Richmond, Virginia. The Bank offers a full range of banking and related financial services to meet the needs of individuals, businesses and charitable organizations, including the fiduciary services of VNB Trust and Estate Services and of TFB Trust and Estate Management. The Bank also offers, through its networking agreements with third parties, investment advisory and other investment services under Sturman Wealth Advisors and brokerage and other investment services through TFB Investment Services. Investment management services are offered through Masonry Capital Management, LLC, a registered investment adviser and wholly-owned subsidiary of the Company.

The Company's common stock trades on the Nasdaq Capital Market under the symbol "VABK." Additional information on the Company is also available at www.vnbcorp.com.

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SOURCE Virginia National Bankshares

FAQ

What is the dividend amount declared by VABK?

Virginia National Bankshares Corporation declared a quarterly cash dividend of $0.30 per share.

When will VABK's dividend be paid?

The dividend will be paid on September 24, 2021.

What is the record date for VABK's dividend?

The record date for the dividend is September 10, 2021.

What is the annual yield of VABK's dividend?

The annual yield is approximately 3.23% based on the closing price on August 30, 2021.