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| 8-K - 1Q 2011 CASH DIVIDEND ANNOUNCEMENT - StellarOne CORP | rrd298935.htm |
FOR IMMEDIATE RELEASE
Contact:
Jeffrey W. Farrar
Executive Vice President and CFO
(434) 964-2217
JFarrar@StellarOne.com
STELLARONE CORPORATION
DECLARES CASH DIVIDEND
Charlottesville, VA, January 27, 2011 - StellarOne Corporation (NASDAQ: STEL) (StellarOne), announced today that its Board of Directors approved a quarterly cash dividend in the amount of $0.04 per share payable on February 25, 2011 to shareholders of record on February 7, 2011. The payment represents an annual yield to shareholders of approximately 1.1% based on the closing price of StellarOne stock on January 26, 2011.
About StellarOne
StellarOne Corporation is a traditional community bank offering a full range of business and consumer banking services, including trust and wealth management services. Its sole banking subsidiary, StellarOne Bank, operates 56 full-service financial centers, one loan production office, and 66 ATMs serving the New River Valley, Roanoke Valley, Shenandoah Valley, and Central and North Central Virginia.