VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

Virginia National Bankshares (NASDAQ: VABK) announced a quarterly cash dividend of $0.33 per share, declared by its Board of Directors on May 22, 2024.

The dividend will be paid on June 28, 2024, to shareholders of record as of June 14, 2024.

This quarterly dividend translates to an annual yield of approximately 4.37%, based on the stock's closing price on May 23, 2024.

Positive

• Quarterly cash dividend declared: $0.33 per share.
• Dividend payment date: June 28, 2024.
• Record date for dividend eligibility: June 14, 2024.
• Annual yield: Approximately 4.37%, based on May 23, 2024 closing price.

Negative

• None.

CHARLOTTESVILLE, Va., May 24, 2024 /PRNewswire/ -- Virginia National Bankshares Corporation (the "Company") (NASDAQ: VABK) announced today that on May 22, 2024 its Board of Directors declared a quarterly cash dividend of $0.33 per share to be paid on June 28, 2024 to shareholders of record as of June 14, 2024.  The quarterly cash dividend represents an annual yield to shareholders of approximately 4.37% based on the closing price of the Company's common stock on May 23, 2024.

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 eight banking offices throughout Fauquier and Prince William counties, three 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 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 Corporation

FAQ

What is the dividend per share announced by Virginia National Bankshares (VABK)?

The dividend per share announced is $0.33.

When will Virginia National Bankshares (VABK) pay the declared dividend?

The declared dividend will be paid on June 28, 2024.

What is the record date for Virginia National Bankshares (VABK) dividend eligibility?

The record date for dividend eligibility is June 14, 2024.

What is the annual yield of the dividend announced by Virginia National Bankshares (VABK)?

The annual yield of the dividend is approximately 4.37% based on the May 23, 2024 closing price.