Blue Ridge Bankshares Declares $0.60 Special Dividend
Blue Ridge Bankshares, Inc., a community bank holding company, declared a special cash dividend of $0.60 per share on March 30, 2026. The one-time payment will be distributed to shareholders of record as of April 13, 2026.
Blue Ridge Bankshares, Inc. (NYSE American: BRBS), a community bank holding company, declared a special cash dividend of $0.60 per share on March 30, 2026. The board-approved distribution represents a one-time payment to common stockholders. Read more dividend announcements.
The dividend will be paid on April 27, 2026 to shareholders of record as of the close of business on April 13, 2026.
| Dividend Details | Information |
|---|---|
| Dividend Amount | $0.60 per share |
| Type | Special Cash Dividend |
| Record Date | April 13, 2026 |
| Payment Date | April 27, 2026 |
Warrant Amendment
The special dividend declaration came alongside a separate corporate action involving the company's outstanding warrants. On March 28, 2026, the board and holders representing a majority of the warrant shares approved an amendment to the terms of warrants to purchase common stock.
The amendment provides that the per-share exercise price of the warrants will be reduced by the per-share amount of certain cash distributions to common stockholders. This adjustment mechanism applies to cash dividends declared after the amendment's effective date, including a dividend paid in November 2025.
Under the revised terms, the warrant exercise price is adjusted in lieu of the company making direct cash dividend payments to warrant holders upon exercise.