Parkway Acquisition Corp. Announces Cash Dividend
Parkway Acquisition Corp. (OTC QX: PKKW) has declared a cash dividend of $0.13 per share on its common stock.
Sentiment and the balance of points
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Rhea-AI Summary
Parkway Acquisition Corp. (OTC QX: PKKW) has declared a cash dividend of $0.13 per share on its common stock. This dividend will be payable on March 22, 2021, to shareholders of record on March 12, 2021. The announcement was made by the Parkway Board of Directors on February 16, 2021. Parkway is the parent company of Skyline National Bank, which operates 24 branches and 2 loan production offices primarily in southwestern Virginia and northwestern North Carolina.
Positive
- Dividend of $0.13 per share enhances shareholder value.
- Strengthening of shareholder relations through consistent dividend payments.
Negative
- Potential strain on cash reserves due to dividend payments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FLOYD, Va., Feb. 17, 2021 /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
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-301230379.html
SOURCE Parkway Acquisition Corp.
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