VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES CASH DIVIDEND

Rhea-AI Summary

Virginia National Bankshares Corporation (NASDAQ: VABK) declared a quarterly cash dividend of $0.30 per share on July 27, 2022. This dividend will be paid on September 23, 2022, to shareholders of record as of September 9, 2022. The dividend represents an annual yield of approximately 3.75%, based on the stock's closing price on July 28, 2022.

Positive

• Quarterly cash dividend of $0.30 per share indicates strong company performance.
• Annual yield of approximately 3.75% enhances shareholder income.

Negative

• None.

CHARLOTTESVILLE, Va., July 29, 2022 /PRNewswire/ -- Virginia National Bankshares Corporation (the "Company") (NASDAQ: VABK) announced today that on July 27, 2022, its Board of Directors declared a quarterly cash dividend of $0.30 per share to be paid on September 23, 2022 to shareholders of record as of September 9, 2022.  The quarterly cash dividend represents an annual yield to shareholders of approximately 3.75% based on the closing price of the Company's common stock on July 28, 2022.

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 ten banking offices throughout Fauquier and Prince William counties, four banking offices in Charlottesville and Albemarle County, and banking offices in Winchester and 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. The Bank also offers, through its networking agreements with third parties, investment advisory and other investment services under Sturman Wealth Advisors.  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 the dividend be paid to shareholders of VABK?

The dividend will be paid on September 23, 2022.

What is the record date for VABK's dividend?

The record date for the dividend is September 9, 2022.

What is the annual yield for VABK's dividend?

The annual yield for the declared dividend is approximately 3.75% based on the stock's closing price.