National Bankshares, Inc. (NASDAQ:NKSH) Declares $0.73 Semi-Annual Dividend

National Bankshares, Inc. (NASDAQ:NKSH) announced a Semi-Annual dividend on Wednesday, May 15th, Zacks reports. Shareholders of record on Tuesday, May 28th will be paid a dividend of 0.73 per share by the bank on Monday, June 3rd. This represents a yield of 4.6%. The ex-dividend date of this dividend is Friday, May 24th.

National Bankshares has raised its dividend payment by an average of 2.8% annually over the last three years. National Bankshares has a dividend payout ratio of 53.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect National Bankshares to earn $2.75 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 53.1%.

National Bankshares Price Performance

Shares of NKSH stock opened at $31.05 on Thursday. The company’s fifty day simple moving average is $30.66 and its two-hundred day simple moving average is $30.70. National Bankshares has a 1 year low of $22.28 and a 1 year high of $37.00. The stock has a market capitalization of $182.88 million, a price-to-earnings ratio of 13.74 and a beta of 0.58.

National Bankshares (NASDAQ:NKSH) last released its quarterly earnings results on Wednesday, May 15th. The bank reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.06). The firm had revenue of $10.44 million for the quarter, compared to analysts’ expectations of $10.64 million. National Bankshares had a net margin of 19.00% and a return on equity of 10.17%.

National Bankshares Company Profile

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.