Parkway Acquisition Corp. Announces Cash Dividend

(Neutral)

Rhea-AI Summary

Parkway Acquisition Corp. (OTC QX: PKKW) announced a cash dividend of $0.15 per share on February 15, 2022. The dividend is payable on March 21, 2022 to shareholders recorded by March 11, 2022. Parkway's subsidiary, Skyline National Bank, operates 25 branches and 1 loan production office across southwestern Virginia and northwestern North Carolina.

Positive

Declaration of a cash dividend of $0.15 per share.
Strong operational presence with 25 branches and 1 loan production office.

Negative

None.

News Market Reaction – PKKW

+1.16%

+1.16% Session move

In the trading session that priced this news, PKKW gained 1.16%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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02/16/2022 - 04:55 PM

FLOYD, Va., Feb. 16, 2022 /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 $0.15 per share, payable March 21, 2022 to shareholders of record on March 11, 2022. The Parkway Board of Directors declared the dividend on February 15, 2022.

Skyline is the wholly-owned subsidiary of Parkway and serves southwestern Virginia and northwestern North Carolina with 25 branches and 1 loan production office.

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

View original content:https://www.prnewswire.com/news-releases/parkway-acquisition-corp-announces-cash-dividend-301484222.html

SOURCE Parkway Acquisition Corp.

FAQ

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

Parkway Acquisition Corp. announced a cash dividend of $0.15 per share.

When is the dividend payable to shareholders?

The dividend is payable on March 21, 2022.

What is the record date for the dividend distribution?

The record date for the dividend distribution is March 11, 2022.

What regions does Skyline National Bank serve?

Skyline National Bank serves southwestern Virginia and northwestern North Carolina.