Albemarle County-based Virginia National Bankshares Corp. declared a quarterly cash money dividend of .075 cents each share this week. The returns will certainly be paid on Oct. 10 to shareholders of document since Sept. 30.

The bank on Monday also announced the authorization of a stock redeemed program. The program accredits the acquisition of around 400,000 shares of the company's ordinary shares by way of Sept. 18, 2015. Purchases may be through the competitive market or in independently negotiated transactions.

The bank said the timing, number & price of shares redeemed will certainly be established by the management and will certainly depend upon factors such as the market rate of shares, economic disorders and also legal requirements.