National Bankshares, Inc. (NASDAQ:NKSH – Get Rating) announced a Semi-Annual dividend on Wednesday, May 11th, Zacks reports. Investors of record on Monday, May 23rd will be given a dividend of 0.72 per share by the bank on Wednesday, June 1st. The ex-dividend date is Friday, May 20th.
National Bankshares has raised its dividend by an average of 6.0% per year over the last three years. National Bankshares has a payout ratio of 43.3% meaning its dividend is sufficiently covered by earnings. Analysts expect National Bankshares to earn $3.42 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 43.3%.
NASDAQ NKSH opened at $33.45 on Friday. National Bankshares has a twelve month low of $31.42 and a twelve month high of $39.19. The stock has a fifty day simple moving average of $35.63 and a 200 day simple moving average of $36.38.
Separately, StockNews.com initiated coverage on National Bankshares in a report on Thursday, March 31st. They issued a “hold” rating for the company.
National Bankshares Company Profile (Get Rating)
National Bankshares, Inc operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and services to individuals, businesses, non-profits, and local governments. The company accepts interest-bearing and non-interest bearing demand deposit accounts, money market deposit accounts, savings accounts, certificates of deposit, health savings accounts, and individual retirement accounts.
- Get a free copy of the StockNews.com research report on National Bankshares (NKSH)
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