VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES CASH DIVIDEND

Rhea-AI Summary

Virginia National Bankshares Corporation (NASDAQ: VABK) declared a cash dividend of $0.30 per share on December 7, 2022. The dividend is set for payment on December 30, 2022, to shareholders of record as of December 20, 2022. This represents an annual yield of approximately 3.42% based on the stock's closing price on the declaration date. The company operates several banking offices in Virginia, providing a range of financial services, including investment management through its subsidiaries.

Positive

• Declared quarterly cash dividend of $0.30 per share.
• Annual yield of approximately 3.42% for shareholders.

Negative

• None.

CHARLOTTESVILLE, Va., Dec. 8, 2022 /PRNewswire/ -- Virginia National Bankshares Corporation (the "Company") (NASDAQ: VABK) announced today that on December 7, 2022 its Board of Directors declared a quarterly cash dividend of $0.30 per share to be paid on December 30, 2022 to shareholders of record as of December 20, 2022.  The quarterly cash dividend represents an annual yield to shareholders of approximately 3.42% based on the closing price of the Company's common stock on December 7, 2022.

VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES CASH DIVIDEND

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 Virginia National Bankshares Corporation for December 2022?

The dividend amount declared is $0.30 per share.

When will the cash dividend be paid to shareholders of VABK?

The cash dividend will be paid on December 30, 2022.

What is the record date for the cash dividend payment of VABK?

The record date for the cash dividend payment is December 20, 2022.

What is the annual yield of the dividend declared by Virginia National Bankshares Corporation?

The annual yield is approximately 3.42% based on the stock's closing price on December 7, 2022.