VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES CASH DIVIDEND

Rhea-AI Summary

Virginia National Bankshares Corporation (NASDAQ: VABK) has announced a quarterly cash dividend of $0.30 per share, set for payment on March 25, 2022. Shareholders on record as of March 11, 2022 will qualify for this dividend, which offers an annual yield of approximately 3.43% based on the stock's closing price from March 2, 2022.

Positive

• Quarterly cash dividend of $0.30 per share declared.
• Annual yield of approximately 3.43% based on the closing price.

Negative

• None.

CHARLOTTESVILLE, Va., March 3, 2022 /PRNewswire/ -- Virginia National Bankshares Corporation (the "Company") (NASDAQ: VABK) announced today that its Board of Directors has declared a quarterly cash dividend of $0.30 per share to be paid on March 25, 2022 to shareholders of record as of March 11, 2022.  The quarterly cash dividend represents an annual yield to shareholders of approximately 3.43% based on the closing price of the Company's common stock on March 2, 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 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.  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 Virginia National Bankshares Corporation?

The dividend amount declared is $0.30 per share.

When will the dividend for VABK be paid?

The dividend will be paid on March 25, 2022.

What is the record date for the latest dividend payment?

The record date for the latest dividend payment is March 11, 2022.

What is the annual yield of Virginia National Bankshares Corporation's dividend?

The annual yield is approximately 3.43% based on the closing price on March 2, 2022.