POWHATAN, Va. -- Central Virginia Bankshares announced it is raising its quarterly cash dividend for shareholders by a penny a share -- from 14 cents to 15.

The 7.1% hike marks the seventh consecutive year that the company has raised its dividend. It has issued dividends since 1977.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.