VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES QUARTERLY CASH DIVIDEND

Rhea-AI Summary

Virginia National Bankshares (NASDAQ: VABK) has announced a quarterly cash dividend of $0.33 per share. The dividend will be paid on September 20, 2024 to shareholders of record as of September 6, 2024. This dividend represents an annual yield of approximately 3.45% based on the closing price of the Company's common stock on July 24, 2024. The decision was made by the Board of Directors on July 24, 2024, demonstrating the company's commitment to providing returns to its shareholders.

Positive

• Quarterly cash dividend of $0.33 per share declared
• Annual yield to shareholders of approximately 3.45%

Negative

• None.

CHARLOTTESVILLE, Va., July 25, 2024 /PRNewswire/ -- Virginia National Bankshares Corporation (the "Company") (NASDAQ: VABK) announced today that on July 24, 2024 its Board of Directors declared a quarterly cash dividend of $0.33 per share to be paid on September 20, 2024 to shareholders of record as of September 6, 2024. The quarterly cash dividend represents an annual yield to shareholders of approximately 3.45% based on the closing price of the Company's common stock on July 24, 2024.

About Virginia National Bankshares Corporation

Virginia National Bankshares Corporation, headquartered in Charlottesville, Virginia, is the bank holding company for Virginia National Bank. The Bank has eight banking offices throughout Fauquier and Prince William counties, three banking offices in Charlottesville and Albemarle County, and banking offices in Winchester and Richmond, Virginia. The Bank offers a full range of banking and related financial services to meet the needs of individuals, businesses and charitable organizations, including the fiduciary services of VNB Trust and Estate Services.

The Company's common stock trades on the Nasdaq Capital Market under the symbol "VABK." Additional information on the Company is also available at www.vnbcorp.com.

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SOURCE Virginia National Bankshares Corporation

FAQ

When will Virginia National Bankshares (VABK) pay its next dividend?

Virginia National Bankshares (VABK) will pay its next quarterly dividend on September 20, 2024.

What is the record date for Virginia National Bankshares' (VABK) upcoming dividend?

The record date for Virginia National Bankshares' (VABK) upcoming dividend is September 6, 2024.

How much is Virginia National Bankshares' (VABK) quarterly dividend?

Virginia National Bankshares' (VABK) quarterly dividend is $0.33 per share.

What is the annual dividend yield for Virginia National Bankshares (VABK) based on the July 24, 2024 closing price?

The annual dividend yield for Virginia National Bankshares (VABK) is approximately 3.45% based on the July 24, 2024 closing price.