American National Bankshares Inc. Announces Quarterly Cash Dividend

Rhea-AI Summary

AMNB announces a $0.30 quarterly cash dividend, marking a 7.1% increase from the same quarter last year. Shareholders of record on September 1, 2023, will receive the payment on September 15, 2023. The dividend yield is approximately 3.9% based on the closing price of $30.42 on July 18, 2023.

Positive

• The consistent dividend amount indicates stability and potential growth in the company's financials.
• The 7.1% increase in dividend from the third quarter of 2022 reflects positive financial performance.

Negative

• None.

DANVILLE, Va., July 19, 2023 (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 September 15, 2023 to shareholders of record on September 1, 2023.

The dividend amount is the same as the prior quarter’s dividend, and a $0.02 or 7.1% increase from the third quarter of 2022. Based on the stock’s closing price of $30.42 on July 18, 2023, the dividend yield is approximately 3.9%.

About American National
American National is a multi-state bank holding company with total assets of approximately $3.1 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 $1.2 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 announced by American National Bankshares Inc. (AMNB)?

The company announced a quarterly cash dividend of $0.30 per common share.

When will the dividend be payable to shareholders of American National Bankshares Inc. (AMNB)?

The dividend will be payable on September 15, 2023, to shareholders of record on September 1, 2023.

What is the dividend yield based on the stock's closing price on July 18, 2023?

The dividend yield is approximately 3.9% based on the closing price of $30.42 on July 18, 2023.