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RICHMOND - Blue Ridge Bankshares, Inc. (NYSE American:BRBS), a regional bank with a market capitalization of $380 million, announced Monday that its Board of Directors has declared a special cash dividend of $0.25 per share of common stock. The stock has shown strong momentum this year, delivering a 33.5% return year-to-date according to InvestingPro data.
The dividend will be payable on November 21, 2025, to shareholders of record as of the close of business on November 7, 2025, according to a press release from the company.
Blue Ridge Bankshares is the holding company for Blue Ridge Bank, National Association and BRB Financial Group, Inc.
"This special dividend reflects our Board’s ongoing commitment to enhancing shareholder value and is affirmation by our regulators of our strong financial position," said G. William "Billy" Beale, President and Chief Executive Officer of Blue Ridge Bankshares.
The company provides a range of financial services including retail and commercial banking, as well as investment and wealth management services through its subsidiaries and affiliates.
In other recent news, Blue Ridge Bankshares, Inc. has announced a $15 million share repurchase program. The Board of Directors has approved the initiative, which allows the company to buy back a portion of its issued and outstanding common stock. This move can be executed through various methods, including open market purchases, block trades, and privately negotiated transactions. The company emphasized that any open market purchases will adhere to SEC Rule 10b-18 limitations. This development reflects the company’s ongoing efforts to manage its capital structure. Investors may view the share repurchase as a signal of confidence in the company’s future prospects.
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