First National Corp. Declares Quarterly Dividend
Ticker: FXNC · Form: 8-K · Filed: May 9, 2024 · CIK: 719402
| Field | Detail |
|---|---|
| Company | First National CORP /Va/ (FXNC) |
| Form Type | 8-K |
| Filed Date | May 9, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1.25, $0.15 |
| Sentiment | neutral |
Sentiment: neutral
Topics: dividend, shareholder-return
Related Tickers: FXNC
TL;DR
FXNC board declared $0.16/share dividend, payable May 24th.
AI Summary
First National Corporation (FXNC) announced on May 8, 2024, that its Board of Directors declared a quarterly cash dividend of $0.16 per share. This dividend is payable on May 24, 2024, to shareholders of record as of May 17, 2024. The company is incorporated in Virginia and operates as a commercial bank.
Why It Matters
This dividend declaration indicates continued profitability and a commitment to returning value to shareholders, which can be a positive signal for investors.
Risk Assessment
Risk Level: low — The filing is a routine dividend declaration, which typically carries low risk.
Key Numbers
- $0.16 — Quarterly Dividend Per Share (Amount declared by the Board of Directors.)
- May 24, 2024 — Dividend Payment Date (Date shareholders will receive the dividend.)
- May 17, 2024 — Record Date (Date by which shareholders must own shares to receive the dividend.)
Key Players & Entities
- FIRST NATIONAL CORPORATION (company) — Registrant
- Virginia (location) — State of incorporation
- May 8, 2024 (date) — Date of earliest event reported
- $0.16 (dollar_amount) — Quarterly cash dividend per share
- May 24, 2024 (date) — Dividend payment date
- May 17, 2024 (date) — Record date for dividend
FAQ
What is the amount of the quarterly cash dividend declared by First National Corporation?
The Board of Directors declared a quarterly cash dividend of $0.16 per share.
When is the dividend payment date?
The dividend is payable on May 24, 2024.
Who is eligible to receive this dividend?
Shareholders of record as of May 17, 2024, are eligible to receive the dividend.
What is the company's ticker symbol?
The ticker symbol is FXNC, as indicated by the filing context and common knowledge for this company.
In which state is First National Corporation incorporated?
First National Corporation is incorporated in Virginia.
Filing Stats: 697 words · 3 min read · ~2 pages · Grade level 10.5 · Accepted 2024-05-09 15:40:39
Key Financial Figures
- $1.25 — h registered Common Stock , par value $1.25 per share FXNC The Nasdaq Stock Mark
- $0.15 — y declared a quarterly cash dividend of $0.15 per common share, which is p ayable on
Filing Documents
- fxnc20240507c_8k.htm (8-K) — 57KB
- 0001437749-24-015656.txt ( ) — 184KB
- fxnc-20240508.xsd (EX-101.SCH) — 3KB
- fxnc-20240508_def.xml (EX-101.DEF) — 11KB
- fxnc-20240508_lab.xml (EX-101.LAB) — 14KB
- fxnc-20240508_pre.xml (EX-101.PRE) — 11KB
- fxnc20240507c_8k_htm.xml (XML) — 3KB
07
Item 5.07 Submission of Matters to a Vote of Security Holders. An Annual Meeting of Shareholders of First National Corporation (the "Company") was held on May 8, 2024 for the purpose of considering and acting upon the following matters: (1) The election of ten directors to serve for a term of one year; (2) The ratification of the appointment of Yount, Hyde & Barbour, P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2024; The final voting results for each proposal, including the votes for and against, and any withheld, abstained, or broker non-votes, are described below. Proposal 1 - Election of Directors The Company's shareholders elected all ten nominees for director. For each nominee, the votes cast for and against, as well as withheld and broker non-votes, were as follows: Director Nominee For Withheld Broker Non-Votes Jason C. Aikens 3,752,353 96,625 1,046,974 Emily Marlow Beck 3,752,736 96,242 1,046,974 Boyce E. Brannock 3,795,415 53,563 1,046,974 Elizabeth H. Cottrell 3,798,200 50,778 1,046,974 W. Michael Funk 3,752,353 96,625 1,046,974 Scott C. Harvard 3,741,381 107,597 1,046,974 George Edwin Holt, III 3,799,404 49,574 1,046,974 Kirtesh Patel 3,752,370 96,608 1,046,974 Gerald F. Smith, Jr. 3,745,851 103,127 1,046,974 James R. Wilkins, III 3,800,303 48,675 1,046,974 Proposal 2 - Ratification of Appointment of Independent Registered Public Accounting Firm The Company's shareholders approved the ratification of the Audit Committee's selection of Yount, Hyde & Barbour, P.C. as the Company's independent registered public accounting firm for the year ending December 31, 2024. The votes cast for and against this proposal, as well as the votes abstained, were as follows: For Against Abstain 4,814,935 19,520 61,497
01
Item 8.01 Other Events. On May 8, 2024, the Board of Directors of the Company declared a quarterly cash dividend of $0.15 per common share, which is p ayable on June 7, 2024, to shareholders of record as of May 24, 2024.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIRST NATIONAL CORPORATION (Registrant) Date: May 9, 2023 By: /s/ M. Shane Bell M. Shane Bell Executive Vice President and Chief Financial Officer 3