Virginia Financial Group Announces Increase in Dividend
May 01 2006 - 4:30PM
PR Newswire (US)
CULPEPER, Va., May 1 /PRNewswire-FirstCall/ -- Virginia Financial
Group, Inc. (NASDAQ:VFGI) announced today that its Board of
Directors has declared a quarterly dividend of $.23 per share,
payable on May 29, 2006 to shareholders of record as of May 8,
2006. This dividend represents an increase of $.01 per share or a
4.5% increase from the last quarterly dividend paid of $.22 per
share. This dividend also represents an increase of $.02 per share
or 9.5% increase from the May 2005 quarterly dividend of $.21 per
share. Based on the April 28, 2006 closing price of a share of VFG
stock, the annual dividend rate of $.92 per share represents a
yield of 2.31%. Virginia Financial Group, with $1.6 billion in
assets, is one of the largest Virginia based community bank holding
companies. It is the parent company for Planters Bank & Trust
Company of Virginia -- in Staunton; Second Bank & Trust -- in
Culpeper; Virginia Heartland Bank -- in Fredericksburg and Virginia
Commonwealth Trust Company -- in Culpeper. The Company is a
traditional community banking provider, offering a full range of
business and consumer banking services including trust and asset
management services via its trust company affiliate. The
organization maintains a network of thirty- six branches serving
Central and Southwest Virginia, with two new branch offices
scheduled to open in the near future. It also maintains five trust
and investment service offices in its markets, and loan production
offices located in Charlottesville and Lynchburg. For more investor
information, please visit our website at http://www.vfgi.net/.
DATASOURCE: Virginia Financial Group, Inc. CONTACT: Jeffrey W.
Farrar, Executive Vice President and CFO of Virginia Financial
Group, Inc., +1-540-829-1603, Web site: http://www.vfgi.net/
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