Virginia National Bankshares Corp.'s board on Dec. 14 increased the quarterly cash dividend from 16 cents per share to 19 cents per share.
The dividend is payable Jan. 12, 2018, to shareholders of record as of Dec. 29.
Also on Dec. 14, the board elected Linda Houston as a director of the Charlottesville, Va.-based company, with a term starting Jan. 1, 2018.
She will also serve on the boards of the company's subsidiaries, Virginia National Bank and VNBTrust NA.
Houston, retired, was employed with Merrill Lynch/Bank of America Corp. from 1987 to May 2017. Since 2011, she had served as managing director and division executive there.