National Bankshares, Inc. (NASDAQ:NKSH) to Issue Dividend of $0.75

National Bankshares, Inc. (NASDAQ:NKSH) declared a dividend on Wednesday, May 13th. Stockholders of record on Tuesday, May 26th will be given a dividend of 0.75 per share by the bank on Monday, June 1st. This represents a dividend yield of 425.0%. The ex-dividend date is Tuesday, May 26th.

National Bankshares has raised its dividend payment by an average of 0.0%per year over the last three years. National Bankshares has a dividend payout ratio of 57.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect National Bankshares to earn $3.35 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 46.6%.

National Bankshares Price Performance

Shares of NASDAQ:NKSH traded up $0.32 during midday trading on Thursday, reaching $35.50. The company had a trading volume of 8,891 shares, compared to its average volume of 36,110. National Bankshares has a one year low of $24.74 and a one year high of $40.00. The stock has a market capitalization of $226.11 million, a P/E ratio of 12.96 and a beta of 0.63. The stock’s fifty day moving average price is $36.72 and its 200-day moving average price is $34.53.

National Bankshares (NASDAQ:NKSH) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.13. National Bankshares had a return on equity of 10.53% and a net margin of 20.39%.The business had revenue of $15.30 million during the quarter, compared to the consensus estimate of $14.50 million. As a group, sell-side analysts forecast that National Bankshares will post 3.25 earnings per share for the current year.

About National Bankshares

National Bankshares, Inc is a Virginia-based bank holding company headquartered in Reston. Through its primary subsidiaries, National Bank of Blacksburg and The Bank of Giles and Montgomery, the company offers a full suite of community banking services to individuals, small businesses and nonprofit organizations.

The company’s core activities include deposit-taking, consumer and commercial lending, mortgage origination and servicing, trust and wealth management, and electronic banking platforms.