Published on 27 May 2023 on Simply Wall St. via Yahoo Finance

Here's What We Like About American National Bankshares' (NASDAQ:AMNB) Upcoming Dividend

Readers hoping to buy American National Bankshares Inc. (NASDAQ:AMNB) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Thus, you can purchase American National Bankshares' shares before the 1st of June in order to receive the dividend, which the company will pay on the 16th of June.

The company's next dividend payment will be US$0.30 per share, on the back of last year when the company paid a total of US$1.20 to shareholders. Looking at the last 12 months of distributions, American National Bankshares has a trailing yield of approximately 4.2% on its current stock price of $28.3. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.

See our latest analysis for American National Bankshares