Virginia National Bankshares Corp - Form 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report was filed by Virginia National Bankshares Corporation on May 16, 2017. The filing reports a corporate action taken by the Board of Directors regarding shareholder dividends.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only financial data disclosed relates to the dividend declaration:
- Previous Quarterly Dividend: $0.13 per share
- New Quarterly Dividend: $0.16 per share
- Payment Date: July 12, 2017
- Record Date: June 30, 2017
Material Changes
The Board of Directors approved an increase in the quarterly cash dividend of approximately 23% (from $0.13 to $0.16 per share). No other material changes to financial position or operations are detailed in this specific filing.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, risk factors, or contingencies beyond the dividend announcement. The document references a press statement (Exhibit 99.1) for further details on the announcement.
Investor Verification Checklist
- Verify the ex-dividend date to determine eligibility for the $0.16 payment.
- Confirm the total number of outstanding shares to calculate the aggregate dividend payout.
- Review the referenced press statement (Exhibit 99.1) for any additional context on the dividend increase.
- Check subsequent quarterly reports (10-Q) for the impact of this dividend on retained earnings and cash flow.