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Virginia National Bankshares (NASDAQ:NKSH) Corp (NASDAQ:VABK) announced on Wednesday a quarterly cash dividend of $0.33 per share, payable on March 28, 2025, to shareholders of record as of March 14, 2025. This information was disclosed in a recent 8-K filing with the Securities and Exchange Commission. The dividend represents an attractive 3.66% yield, and according to InvestingPro data, the company has maintained dividend payments for 12 consecutive years.
The Charlottesville, Virginia-based national commercial bank’s Board of Directors confirmed the dividend on Tuesday, February 26, 2025, continuing its practice of returning value to its shareholders. With a market capitalization of $192.6 million and a P/E ratio of 11.35, the bank’s decision to issue dividends follows its established pattern of regular quarterly payments.
Investors and market watchers look to dividend announcements as indicators of a company’s financial health and management’s confidence in its profitability and cash flow stability. Dividends are also a key factor for income-focused investors when assessing the attractiveness of a stock. InvestingPro analysis reveals that Virginia National Bankshares maintains a FAIR overall financial health score and has remained profitable over the last twelve months, with additional financial metrics and insights available to subscribers.
Virginia National Bankshares has a history of consistent dividend payments, and this latest declaration is in line with previous quarters. The dividend yield and payout ratio are important metrics for shareholders, but specific figures are not provided in the press release statement.
Shareholders who are registered by the close of business on March 14 will be eligible for the dividend, which will be distributed towards the end of the following month. The announcement of the dividend is routine for the company and reflects its commitment to shareholder returns.
The press release statement issued by Virginia National Bankshares on February 27, 2025, is referenced in the 8-K filing for more detailed information on the dividend declaration. This statement is an integral part of the company’s communication with its investors and the broader financial community.
The declaration of dividends is subject to various factors, including the company’s earnings, financial condition, and capital requirements. Based on InvestingPro’s Fair Value analysis, the stock is currently trading near its fair value, suggesting balanced market pricing. Virginia National Bankshares has not disclosed any changes to its dividend policy or any special circumstances affecting this quarter’s dividend.
For more information on Virginia National Bankshares Corp’s dividend announcement, investors may refer to the company’s 8-K filing with the SEC.
In other recent news, Virginia National Bankshares Corporation announced its quarterly earnings for the period ending December 31, 2024. While the company did not disclose specific figures in its brief summary, detailed financial results are available in Exhibit 99.1 attached to their Form 8-K filing with the Securities and Exchange Commission. This disclosure is part of the company’s regular reporting obligations, providing investors a look into its financial condition at the close of the fiscal year. Virginia National Bankshares operates within the national commercial banks sector and is publicly traded on The Nasdaq Stock Market. Investors are encouraged to review the full press statement for a comprehensive understanding of the bank’s performance. These developments are crucial for stakeholders to assess the bank’s operational success and its impact on the financial sector.
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