VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES STOCK AND CASH DIVIDENDS

The quarterly cash dividend implies an annualized yield of approximately 2.85% based on the November 9, 2026 closing price.

Rhea-AI Summary

Virginia National Bankshares (NASDAQ: VABK) declared an 8% stock dividend payable November 30, 2026, to holders of record November 20.

The board also raised the quarterly cash dividend by $0.02 to $0.38 per share, payable December 15, 2026, to holders of record at the close of business December 1. The stock dividend takes effect first, so the cash dividend will apply to the increased share count.

Positive

• Minor point. Forward-looking: it has not happened yet and may not happen.Quarterly cash dividend increased $0.02 to $0.38 per share, payable December 15, 2026.
• Minor point. Forward-looking: it has not happened yet and may not happen.8% stock dividend payable November 30, 2026, precedes the cash payment on the increased share count.

Negative

• None.

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CHARLOTTESVILLE, Va., Nov. 10, 2026 /PRNewswire/ -- Virginia National Bankshares Corporation (NASDAQ: VABK) (the "Company") announced that on November 9, 2026 its Board of Directors (the "Board") declared an 8% stock dividend to be paid on November 30, 2026 to shareholders of record as of November 20, 2026. Shareholders will receive cash in lieu of fractional shares. Also, the Board declared a quarterly cash dividend of $0.38 per share of common stock, an increase of $0.02 per share over the previous quarter, to be paid on December 15, 2026 to shareholders of record at the close of business on December 1, 2026. The stock dividend will take effect first, whereby each shareholder will receive 0.08 shares of the Company's common stock for every share of common stock held as of the record date, and therefore, the cash dividend will be paid on the increased number of shares. The quarterly cash dividend implies an annualized yield to shareholders of approximately 2.85% based on the closing price of the Company's common stock on November 9, 2026.

"We are pleased to announce a stock dividend that will precede an increased quarterly cash dividend," said Glenn Rust, President and Chief Executive Officer. "Our strong financial position enables us to maintain our continued dedication to delivering value to our shareholders."

As a result of the Board's action, the outstanding shares of the Company's common stock will increase by approximately 430,000 shares, from 5.4 million shares outstanding to 5.9 million shares outstanding.

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 seven banking offices throughout Fauquier and Prince William counties, four banking offices in Charlottesville and Albemarle County (including one limited-service banking facility), 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

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When are Virginia National Bankshares' stock and cash dividends payable?

The 8% stock dividend is payable November 30, 2026, to shareholders of record November 20, 2026. The $0.38 quarterly cash dividend is payable December 15, 2026, to shareholders of record at the close of business December 1, 2026.

How many shares will VABK shareholders receive in the stock dividend?

Shareholders will receive 0.08 shares of common stock for every share held as of the record date, with cash paid instead of fractional shares. Outstanding common shares will increase by approximately 430,000 shares, from 5.4 million to 5.9 million.