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Virginia National Bankshares ups dividend by 58%

Virginia National Bankshares Corp. will pay a quarterly cash dividend of 30 cents per share, up 58% from the previous payout of 19 cents.

The dividend is payable July 13 to the Charlottesville, Va.-based company's shareholders of record as of June 29. The dividend represents an annual yield to shareholders of about 2.68%, based on the closing price of Virginia National Bankshares' stock May 17.

Virginia National Bankshares is the holding company of Virginia National Bank.