Southern National Bancorp of Virginia, Inc. Announces Quarterly Dividend of $0.08 (SONA)

Southern National Bancorp of Virginia, Inc. (NASDAQ:SONA) declared a quarterly dividend on Thursday, October 26th, NASDAQ reports. Shareholders of record on Monday, November 13th will be paid a dividend of 0.08 per share by the bank on Friday, November 24th. This represents a $0.32 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Friday, November 10th.

Shares of Southern National Bancorp of Virginia (SONA) traded down $0.11 during mid-day trading on Friday, reaching $16.01. 22,800 shares of the company’s stock were exchanged, compared to its average volume of 52,150. The firm has a market capitalization of $385.53, a PE ratio of 19.42 and a beta of 0.35. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.18. Southern National Bancorp of Virginia has a 1 year low of $12.90 and a 1 year high of $18.48.

A number of analysts have recently issued reports on SONA shares. Zacks Investment Research upgraded shares of Southern National Bancorp of Virginia from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Wednesday, August 30th. ValuEngine lowered shares of Southern National Bancorp of Virginia from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Finally, BidaskClub lowered shares of Southern National Bancorp of Virginia from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th.

In related news, Chairman Georgia S. Derrico purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average price of $15.75 per share, for a total transaction of $63,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.60% of the stock is currently owned by insiders.

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About Southern National Bancorp of Virginia

Southern National Bancorp of Virginia, Inc (Southern National) is the bank holding company for Sonabank (Sonabank). The Company’s principal business is the acquisition of deposits from the general public through its branch offices and deposit intermediaries, as well as the use of these deposits to fund its loan and investment portfolios.

Dividend History for Southern National Bancorp of Virginia (NASDAQ:SONA)

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