PR Newswire·Nov 10, 2026, 8:30 AM ET

VIRGINIA NATIONAL BANKSHARES CORPORATION ANNOUNCES STOCK AND CASH DIVIDENDS

Virginia National Bankshares Corporation 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 resulting from the stock dividend.
The Board declared an increased quarterly cash dividend of $0.38 per share, up $0.02 from the previous quarter.
The quarterly cash dividend will be paid on December 15, 2026, to shareholders of record at the close of business on December 1, 2026.
The stock dividend takes effect first, meaning the cash dividend will be paid on the increased share count.
The annualized yield implied by the quarterly cash dividend is approximately 2.85% based on the November 9, 2026 closing price.
Outstanding shares will increase by approximately 430,000, rising from 5.4 million to 5.9 million.
CEO Glenn Rust cited the company's strong financial position as the driver for these shareholder value initiatives.