National Bankshares, Inc. (NASDAQ:NKSH) Plans Dividend Increase – $0.78 Per Share

National Bankshares, Inc. (NASDAQ:NKSH) declared a dividend on Wednesday, November 13th,NASDAQ Dividends reports. Stockholders of record on Monday, November 25th will be paid a dividend of 0.78 per share by the bank on Monday, December 2nd. The ex-dividend date of this dividend is Monday, November 25th. This is an increase from National Bankshares’s previous dividend of $0.55.

National Bankshares has raised its dividend payment by an average of 2.8% per year over the last three years. National Bankshares has a dividend payout ratio of 55.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect National Bankshares to earn $2.65 per share next year, which means the company should continue to be able to cover its $1.46 annual dividend with an expected future payout ratio of 55.1%.

National Bankshares Price Performance

Shares of NASDAQ NKSH traded up $0.90 during midday trading on Friday, reaching $31.79. 11,409 shares of the company traded hands, compared to its average volume of 13,413. National Bankshares has a 52 week low of $25.18 and a 52 week high of $37.00. The stock has a 50-day moving average price of $29.79 and a 200 day moving average price of $29.63. The company has a market cap of $202.18 million, a price-to-earnings ratio of 21.92 and a beta of 0.56.

National Bankshares (NASDAQ:NKSH) last issued its quarterly earnings results on Wednesday, August 14th. The bank reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.17). The business had revenue of $19.36 million during the quarter, compared to the consensus estimate of $11.43 million. National Bankshares had a return on equity of 6.11% and a net margin of 11.44%. As a group, analysts expect that National Bankshares will post 1.94 EPS for the current year.

About National Bankshares

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.