See more news releases in: Banking & Financial Services, Dividends
Central Virginia Bankshares, Inc. Declares 4th Quarter 2009 Dividend
POWHATAN, Va., Nov. 20 /PRNewswire-FirstCall/ -- The board of directors of Central Virginia Bankshares, Inc., (Nasdaq: CVBK), at its November meeting, declared a lower regular quarterly cash dividend of $0.01 per common share, payable on December 15, 2009 to shareholders of record November 30, 2009. Considering the current economic environment, the Company's current losses, and the need to preserve capital, the board of directors concluded it was not prudent to continue with the cash dividend at its prior quarterly rate of $0.0525 per share.
The company has paid regular quarterly dividends to shareholders continuously since 1977. The current indicated annualized rate is $0.04 cents per share.
Central Virginia Bankshares, Inc. is the parent of Central Virginia Bank, a 36 year old $479 million community bank with its headquarters and main office in Powhatan County, and six additional branch offices; two branches in the adjacent County of Cumberland, three branches in western Chesterfield County, and one branch in western Henrico County.
SOURCE Central Virginia Bankshares, Inc.
Back to top
Custom Packages
Browse our custom packages or build your own to meet your unique communications needs.
PR Newswire Membership
Fill out a PR Newswire membership form or contact us at (888) 776-0942.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.
Featured Video
More in These Categories
Journalists and Bloggers
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
Free Investing Newsletter from Investor Uprising!
Learn to navigate the world's financial system and profit from leading companies.
Register for Investor Uprising, the people's investment site, for a free weekly newsletter, information, education and premium research including our latest IU Confidential Report - "All The Glitters: The Ultimate Gold Report".