Virginia National raises cash dividend to $0.38
The stock dividend takes effect before the cash payment, which will be paid on shareholders’ increased share count.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Virginia National Bankshares Corp (VABK) declared an 8% stock dividend, payable November 30, 2026, to shareholders of record November 20, and a quarterly cash dividend of $0.38 per share, up $0.02 from the previous quarter, payable December 15 to shareholders of record December 1.
The stock dividend takes effect first: shareholders receive 0.08 shares for each share held on the record date, and the cash dividend will be paid on the increased share count. Shareholders will receive cash in lieu of fractional shares. The company stated that outstanding common shares will increase by approximately 430,000, from 5.4 million to 5.9 million. The quarterly cash dividend implies an approximately 2.85% annualized yield, based on the November 9, 2026 closing price.
Positive
- Minor pointQuarterly cash dividend increased to $0.38 per share, up $0.02 from the previous quarter.
Negative
- None.
8-K Event Classification
Key Figures
Key Terms
stock dividend financial
annualized yield financial
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
Charlottesville, VA – November 10, 2026 –Virginia National Bankshares Corporation (NASDAQ: VABK) (the "Company") announced today 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, on November 9, 2026, 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 as of 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.
A copy of the registrant’s press statement announcing the quarterly cash dividend and stock dividend is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
99.1 Press statement issued by Virginia National Bankshares Corporation on November 10, 2026.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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VIRGINIA NATIONAL BANKSHARES CORPORATION |
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November 10, 2026 |
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/s/ Cathy W. Liles |
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Cathy W. Liles |
Exhibit 99.1
FOR IMMEDIATE RELEASE INVESTOR RELATIONS CONTACT: |
Cathy W. Liles (434) 817-8267 |
VIRGINIA NATIONAL BANKSHARES CORPORATION
ANNOUNCES STOCK AND CASH DIVIDENDS
Charlottesville, VA – November 10, 2026 –Virginia National Bankshares Corporation (NASDAQ: VABK) (the “Company”) announced today 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, on November 9, 2026, 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