Parkway Acquisition Corp. Announces Cash Dividend

Rhea-AI Summary

Parkway Acquisition Corp. (PKKW) has announced a cash dividend of $0.13 per share on its common stock. This dividend will be payable on September 18, 2020, to shareholders of record by September 4, 2020. The decision was made by the Parkway Board of Directors on August 18, 2020. Parkway operates Skyline National Bank, serving southwestern Virginia and northwestern North Carolina with a network of 24 branches and 2 loan production offices.

AI-generated analysis. Not financial advice.

Positive

• Dividend of $0.13 per share reflects company profitability.
• Strengthens shareholder confidence.
• Presence in southwestern Virginia and northwestern North Carolina enhances market positioning.

Negative

• None.

FLOYD, Va., Aug. 20, 2020 /PRNewswire/ -- Parkway Acquisition Corp. ("Parkway" or the "Company") (OTC QX: PKKW) – the holding company for Skyline National Bank ("Skyline"), announces a cash dividend on the Company's common stock of $0.13 per share, payable September 18, 2020 to shareholders of record on September 4, 2020.  The Parkway Board of Directors declared the dividend on August 18, 2020.

Skyline is the wholly-owned subsidiary of Parkway and serves southwestern Virginia and northwestern North Carolina with 24 branches and 2 loan production offices.

For more information contact:
Blake Edwards, President & CEO – 276-773-2811
Lori Vaught, EVP & CFO – 276-773-2811

View original content:http://www.prnewswire.com/news-releases/parkway-acquisition-corp-announces-cash-dividend-301115863.html

SOURCE Parkway Acquisition Corp.

FAQ

When will Parkway Acquisition Corp. pay the dividend?

The dividend will be paid on September 18, 2020.

What is the amount of the dividend announced by Parkway Acquisition Corp.?

The amount of the dividend is $0.13 per share.

Who are the shareholders eligible for the dividend from Parkway Acquisition Corp.?

Shareholders of record as of September 4, 2020, are eligible for the dividend.

What date was the dividend declared by Parkway Acquisition Corp.?

The dividend was declared on August 18, 2020.

What services does Skyline National Bank provide?

Skyline National Bank operates in southwestern Virginia and northwestern North Carolina.