National Bankshares, Inc. Announces Dividend of $0.78 (NASDAQ:NKSH)
National Bankshares, Inc. (NASDAQ:NKSH) announced a dividend of $0.78 per share, with a yield of 521.0%. The ex-dividend date is November 24th, and payment is on December 1st. The company has a payout ratio of 53.5%, indicating dividends are covered by earnings. Analysts expect earnings of $2.72 per share next year, supporting the dividend. Shares traded down 0.7% to $29.84, with a market cap of $189.97 million.
National Bankshares, Inc. (NASDAQ:NKSH - Get Free Report) declared a dividend on Thursday, November 13th. Investors of record on Monday, November 24th will be given a dividend of 0.78 per share by the bank on Monday, December 1st. This represents a dividend yield of 521.0%. The ex-dividend date of this dividend is Monday, November 24th.
National Bankshares has increased its dividend by an average of 0.0%per year over the last three years. National Bankshares has a payout ratio of 53.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect National Bankshares to earn $2.72 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 53.7%.
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National Bankshares Trading Down 0.7%
Shares of NASDAQ:NKSH traded down $0.21 during mid-day trading on Friday, reaching $29.84. The company had a trading volume of 8,275 shares, compared to its average volume of 11,386. National Bankshares has a one year low of $23.75 and a one year high of $32.36. The firm has a market cap of $189.97 million, a price-to-earnings ratio of 14.67 and a beta of 0.78. The company's 50-day moving average price is $29.54 and its 200-day moving average price is $28.40.
National Bankshares (NASDAQ:NKSH - Get Free Report) last posted its earnings results on Thursday, January 25th. The bank reported $1.06 earnings per share for the quarter. National Bankshares had a return on equity of 8.81% and a net margin of 15.56%.The business had revenue of $18.81 million during the quarter. On average, research analysts anticipate that National Bankshares will post 2.35 EPS for the current fiscal year.
About National Bankshares
(Get Free Report)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.
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