VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES STOCK AND CASH DIVIDENDS
Key Highlights
- ➤VABK declared an 8% stock dividend payable November 30, 2026
- ➤Quarterly cash dividend increased $0.02 to $0.38 per share
- ➤Cash dividend implies approximately 2.85% annualized yield
- ➤Outstanding shares expected to rise approximately 430,000 to 5.9 million
Expert Statements
Glenn Rust, President and Chief Executive Officer of Virginia National Bankshares Corporation
“We are pleased to announce a stock dividend that will precede an increased quarterly cash dividend,”
Glenn Rust, President and Chief Executive Officer of Virginia National Bankshares Corporation
“Our strong financial position enables us to maintain our continued dedication to delivering value to our shareholders.”
VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES STOCK AND CASH DIVIDENDS PR Newswire
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.
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