Virginia Financial Group Announces Increase in Dividend
27 Ottobre 2006 - 7:13PM
PR Newswire (US)
CULPEPER, Va., Oct. 27 /PRNewswire-FirstCall/ -- Virginia Financial
Group, Inc. (NASDAQ:VFGI) announced today that its Board of
Directors has declared a quarterly dividend of $.16 per share,
payable on November 24, 2006 to shareholders of record as of
November 3, 2006. This dividend represents an increase of $.0067
per share from the last quarterly dividend paid of $.1533 per
share, adjusted for the three for two stock split in the form of a
stock dividend paid on September 6, 2006. Based on the October 24,
2006 closing price of a share of VFG stock, the adjusted annual
dividend rate of $.64 per share represents a yield of 2.3%.
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- nine branches serving
Central and Southwest Virginia. It also maintains five trust and
investment service offices in its markets. 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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