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 May 25, 2022, with a payment date of June 24, 2022. Shareholders of record as of June 10, 2022 will receive this dividend, reflecting an annual yield of approximately 3.68% based on the stock's closing price on the declaration date. The Bank operates multiple offices in Virginia, providing various banking and financial services, including investment advisory through partnerships.

Positive

• Quarterly cash dividend of $0.30 per share, reflecting company profitability.
• Annual yield of approximately 3.68%, indicating strong returns for shareholders.

Negative

• None.

CHARLOTTESVILLE, Va., May 26, 2022 /PRNewswire/ -- Virginia National Bankshares Corporation (the "Company") (NASDAQ: VABK) announced today that on May 25, 2022, its Board of Directors declared a quarterly cash dividend of $0.30 per share to be paid on June 24, 2022 to shareholders of record as of June 10, 2022.  The quarterly cash dividend represents an annual yield to shareholders of approximately 3.68% based on the closing price of the Company's common stock on May 25, 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 for Virginia National Bankshares Corporation (VABK)?

The dividend amount declared is $0.30 per share.

When will the dividend be paid to shareholders of VABK?

The dividend will be paid on June 24, 2022.

What is the yield of the declared dividend for VABK?

The yield of the declared dividend is approximately 3.68%.

Who are the shareholders eligible for the VABK dividend?

Shareholders of record as of June 10, 2022, will be eligible for the dividend.