National Bankshares, Inc. (NASDAQ:NKSH) Shareholders Set to Receive $0.78 Dividend

National Bankshares, Inc. (NASDAQ:NKSH) announced a dividend on Thursday, November 12th. Stockholders of record on Monday, November 23rd will be given a dividend of $0.78 per share by the bank on Tuesday, December 1st. This represents a dividend yield of 399.0%. The ex-dividend date is Monday, November 23rd.

National Bankshares has a dividend payout ratio of 54.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect National Bankshares to earn $3.86 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 38.9%.

National Bankshares Trading Down 1.2%

NKSH stock traded down $0.47 during mid-day trading on Friday, hitting $39.12. 7,365 shares of the company were exchanged, compared to its average volume of 33,417. National Bankshares has a 1-year low of $28.35 and a 1-year high of $45.99. The stock has a market capitalization of $249.19 million, a PE ratio of 11.68 and a beta of 0.62. The business has a 50 day simple moving average of $42.02 and a 200-day simple moving average of $38.57.

National Bankshares (NASDAQ:NKSH) last announced its earnings results on Thursday, October 22nd. The bank reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.12). National Bankshares had a net margin of 24.08% and a return on equity of 11.09%. The business had revenue of $16.42 million during the quarter, compared to the consensus estimate of $17.30 million. Equities research analysts expect that National Bankshares will post 3.52 earnings per share for the current year.

National Bankshares Company Profile

National Bankshares, Inc. is a bank holding company headquartered in Blacksburg, Virginia. Its principal subsidiary, The National Bank of Blacksburg, operates as a community bank serving individuals, businesses and organizations in Virginia. The bank offers deposit accounts and lending services, including consumer, commercial and real estate loans. It also provides trust, investment and other financial services through affiliated operations. The bank traces its history to 1891, when the National Bank of Blacksburg was established.