American National Bankshares Inc. Announces Increase in Quarterly Dividend

Rhea-AI Summary

American National Bankshares (NASDAQ: AMNB) declared a quarterly cash dividend of $0.30 per share, payable on December 16, 2022, to shareholders on record as of December 2, 2022. This represents a $0.02 or 7.1% increase from the previous quarter's dividend, showcasing strong financial performance. The dividend yield stands at approximately 3.1% based on the closing price of $38.17 on November 15, 2022. The bank, with total assets of around $3.0 billion, continues to serve Virginia and North Carolina through its network of 26 banking offices.

Positive

• Quarterly dividend increased by $0.02, totaling $0.30 per share.
• Dividend yield of approximately 3.1% reflects shareholder income confidence.

Negative

• None.

News Market Reaction – AMNB

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+0.10% News Effect

On the day this news was published, AMNB gained 0.10%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

DANVILLE, Va., Nov. 16, 2022 (GLOBE NEWSWIRE) -- American National Bankshares Inc. (NASDAQ: AMNB), parent company of American National Bank and Trust Company, announced its Board of Directors has declared a quarterly cash dividend of $0.30 per common share, payable December 16, 2022 to shareholders of record on December 2, 2022.

The dividend amount represents a $0.02 per share or 7.1% increase from the prior quarter’s dividend and the fourth quarter of 2021. Based on the stock’s closing price of $38.17 on November 15, 2022, the dividend yield is approximately 3.1%.

About American National
American National is a multi-state bank holding company with total assets of approximately $3.0 billion. Headquartered in Danville, Virginia. American National is the parent company of American National Bank and Trust Company. American National Bank is a community bank serving Virginia and North Carolina with 26 banking offices. American National Bank also manages an additional $1.1 billion of trust, investment and brokerage assets in its Wealth Management Division. Additional information about American National and American National Bank is available on American National’s website at www.amnb.com.

Contact:

Jeffrey W. Farrar, Chief Operating and Chief Financial Officer 434-773-2274 farrarj@amnb.com

FAQ

What is the dividend amount declared by American National Bankshares?

American National Bankshares declared a dividend of $0.30 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on December 16, 2022.

What is the record date for receiving the dividend from AMNB?

The record date for the dividend is December 2, 2022.

How much has the dividend increased compared to the previous quarter?

The dividend increased by $0.02 or 7.1% from the prior quarter.

What is the current dividend yield for AMNB?

The dividend yield is approximately 3.1% based on the closing price of $38.17 on November 15, 2022.