Virginia National Bankshares Corporation Announces Dividends to Enhance Shareholder Value

Virginia National Bankshares Corporation Declares Dividends

On November 9, 2026, Virginia National Bankshares Corporation (NASDAQ: VABK) took a positive step for its shareholders by declaring an 8% stock dividend, intended to reward its investors with added value. The Company’s Board of Directors, led by President and CEO Glenn Rust, announced this decision in light of their stable financial position, asserting their ongoing commitment to shareholder value.

The 8% stock dividend will be distributed to shareholders of record by November 20, 2026, with payouts occurring on November 30, 2026. Shareholders can expect to receive cash for any fractional shares that may arise from this dividend distribution. Importantly, this stock dividend will pave the way for an increased cash dividend, which was confirmed to be $0.38 per share of common stock. This marks an increase of $0.02 per share over the previous quarter, which reflects a positive trend in the bank's financial performance.

The cash dividend will be distributed to shareholders on December 15, 2026, for those recorded at the close of business on December 1, 2026. The increased cash dividend translates to an annualized yield of approximately 2.85%, based on the common stock price as of November 9, 2026, demonstrating the company’s ongoing financial growth and stability.

Glenn Rust commented on the announcement, emphasizing, "We are pleased to announce a stock dividend that will precede an increased quarterly cash dividend. Our strong financial position enables us to maintain our continued dedication to delivering value to our shareholders." This statement reflects the bank’s proactive stance in ensuring its shareholders benefit from its positive financial developments.

As a result of this dividend declaration, approximately 430,000 additional shares will be made available, increasing the number of outstanding shares from 5.4 million to 5.9 million. This move not only acknowledges the trust shareholders place in Virginia National Bankshares but also exemplifies the bank's commitment to fostering shareholder relationships.

Headquartered in Charlottesville, Virginia, Virginia National Bankshares Corporation serves as the bank holding company for Virginia National Bank, which maintains a vital presence across Fauquier, Prince William, Charlottesville, and Albemarle County. Through its various banking offices, the bank provides comprehensive financial services tailored to meet the needs of individuals, businesses, and charitable organizations. Services include fiduciary capabilities through VNB Trust and Estate Services, among others.

The strong performance of Virginia National Bankshares is tangible, as evidenced by its consistent dividend growth. This latest declaration is a testament to the bank’s robust operational strategy and the management's efforts to strengthen its financial future while distributing profits back to its shareholders.

For more information on the Company and detailed financial updates, explore their website at www.vnbcorp.com. By continuously adapting to the financial landscape and prioritizing shareholder returns, Virginia National Bankshares Corporation remains poised for future success, reinforcing its status in the market and delivering value to its stakeholders.