American National Bankshares Inc. Declares Quarterly Dividend

Rhea-AI Summary

American National Bankshares Inc. (NASDAQ: AMNB) has declared a quarterly cash dividend of $0.27 per common share, payable on June 19, 2020, to shareholders of record as of June 5, 2020. This dividend amount matches the prior quarter’s dividend and reflects an 8% increase from the previous year. Based on the closing price of $24.73 on May 18, 2020, the dividend yield is approximately 4.4%. With total assets around $2.5 billion, American National operates 26 banking offices across Virginia and North Carolina.

Positive

• Quarterly cash dividend of $0.27 per share declared.
• 8% increase from last year's quarterly dividend.
• Dividend yield of approximately 4.4% based on recent stock price.

Negative

• None.

News Market Reaction – AMNB

+8.03%

1 alert

+8.03% News Effect

On the day this news was published, AMNB gained 8.03%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

DANVILLE, Va., May 19, 2020 (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 $0.27 per common share, payable June 19, 2020 to shareholders of record June 5, 2020. 

The dividend amount is the same as the prior quarter’s dividend and is a $.02 per share or 8% increase from the prior year’s quarterly dividend level. Based on the stock’s closing price of $24.73 on May 18, 2020 the dividend yield is approximately 4.4%.

About American National
American National is a multi-state bank holding company with total assets of approximately $2.5 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 $728 million of trust, investment and brokerage assets in its Trust and Investment Services 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 Financial Officer
	434-773-2274
	farrarj@amnb.com

FAQ

What is the dividend amount declared by AMNB in May 2020?

AMNB declared a quarterly cash dividend of $0.27 per common share.

When is the dividend payment date for AMNB?

The dividend is payable on June 19, 2020.

What is the record date for AMNB shareholders to receive the dividend?

The record date for shareholders is June 5, 2020.

How does the current dividend compare to previous quarters for AMNB?

The current dividend is the same as the previous quarter and shows an 8% increase from the same quarter last year.

What is the dividend yield for AMNB based on the recent stock price?

The dividend yield is approximately 4.4% based on the stock's closing price of $24.73 on May 18, 2020.