First National Corporation Announces 22% Increase in Cash Dividend
February 14 2020 - 11:00AM
The Board of Directors of First National Corporation (Nasdaq: FXNC)
declared a quarterly cash dividend of $0.11 per share on February
12, 2020. This was a 22% increase compared to the quarterly
dividend paid on December 13, 2019. The dividend is payable
on March 13, 2020 to shareholders of record as of February 28,
2020.
FORWARD-LOOKING STATEMENTS
Certain information contained in this discussion may include
“forward-looking statements” within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These forward-looking
statements relate to the Company’s future operations and are
generally identified by phrases such as “the Company expects,” “the
Company believes” or words of similar import. Although the Company
believes that its expectations with respect to the forward-looking
statements are based upon reliable assumptions within the bounds of
its knowledge of its business and operations, there can be no
assurance that actual results, performance or achievements of the
Company will not differ materially from any future results,
performance or achievements expressed or implied by such
forward-looking statements. For details on factors that could
affect expectations, see the risk factors and other cautionary
language included in the Company’s Annual Report on Form 10-K for
the year ended December 31, 2018, and other filings with the
Securities and Exchange Commission.
ABOUT FIRST NATIONAL CORPORATION
First National Corporation (Nasdaq:FXNC) is the parent company
and bank holding company of First Bank, a community bank that first
opened for business in 1907 in Strasburg, Virginia. The Bank
offers loan and deposit products and services through its website,
www.fbvirginia.com, its mobile banking platform, a network of ATMs
located throughout its market area, a loan production office, a
customer service center in a retirement community, and 14 bank
branch office locations located throughout the Shenandoah Valley
and central regions of Virginia. In addition to providing
traditional banking services, the Bank operates a wealth management
division under the name First Bank Wealth Management. First
Bank also owns First Bank Financial Services, Inc., which invests
in entities that provide investment services and title
insurance.
CONTACTS
Scott C. Harvard |
M. Shane Bell |
President and CEO |
Executive Vice President and CFO |
(540) 465-9121 |
(540) 465-9121 |
sharvard@fbvirginia.com |
sbell@fbvirginia.com |
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