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, scheduled for payment on September 18, 2020, to shareholders on record as of September 4, 2020. This dividend mirrors the previous quarter’s amount. Based on the stock's closing price of $23.64 on July 21, 2020, the dividend yield stands at approximately 4.6%. Headquartered in Danville, Virginia, American National manages assets totaling around $2.5 billion across its 26 banking offices in Virginia and North Carolina.

Positive

• Quarterly cash dividend of $0.27 per share indicates consistent return for shareholders.
• Dividend yield of approximately 4.6% offers attractive income potential.

Negative

• None.

DANVILLE, Va., July 22, 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 September 18, 2020 to shareholders of record September 4, 2020.

The dividend amount is the same as the prior quarter’s dividend and based on the stock’s closing price of $23.64 on July 21, 2020 the dividend yield is approximately 4.6%.
           
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 American National Bankshares Inc. for September 2020?

The declared dividend amount is $0.27 per common share.

When will the cash dividend be paid to shareholders?

The cash dividend will be paid on September 18, 2020.

What is the record date for the cash dividend of American National Bankshares Inc.?

The record date for the cash dividend is September 4, 2020.

What is the dividend yield based on the stock's closing price?

The dividend yield is approximately 4.6%, based on a closing price of $23.64.

How many banking offices does American National operate?

American National operates 26 banking offices across Virginia and North Carolina.