BLUE RIDGE BANKSHARES, INC. [BRBS] - Special Dividend Declaration
BLUE RIDGE BANKSHARES, INC. declared a special dividend of $0.60 per share, totaling approximately $54.1 million, payable on April 27, 2026, to shareholders of record as of April 13, 2026.
Why this matters
Blue Ridge Bankshares, Inc., a Virginia-based holding company for Blue Ridge Bank and BRB Financial Group, provides a range of financial services including retail and commercial banking, mortgage lending, and wealth management. The company has declared a special dividend of $0.60 per share, amounting to approximately $54.1 million, which will be paid on April 27, 2026, to shareholders recorded as of April 13, 2026. This announcement follows a revision of the company's financial results for the quarter ended June 30, 2026, which included a net loss of $1.3 million due to a $3.2 million provision for credit losses after a commercial borrower ceased operations.