National Bankshares, Inc. (NASDAQ:NKSH) Plans Dividend of $0.78

National Bankshares, Inc. (NASDAQ:NKSH) announced 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 a positive change from National Bankshares’s previous dividend of $0.55.

National Bankshares has increased its dividend by an average of 2.8% per year over the last three years. National Bankshares has a dividend payout ratio of 55.1% indicating that its dividend is sufficiently covered by earnings. Equities research 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 National Bankshares stock traded up $0.90 during trading on Friday, hitting $31.79. 11,409 shares of the stock were exchanged, compared to its average volume of 13,413. The stock has a market cap of $202.18 million, a price-to-earnings ratio of 21.92 and a beta of 0.56. The firm’s 50-day moving average price is $29.79 and its 200 day moving average price is $29.63. National Bankshares has a 12-month low of $25.18 and a 12-month high of $37.00.

National Bankshares (NASDAQ:NKSH) last released 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). National Bankshares had a return on equity of 6.11% and a net margin of 11.44%. The firm had revenue of $19.36 million for the quarter, compared to analyst estimates of $11.43 million. As a group, research analysts forecast that National Bankshares will post 1.94 earnings per share for the current year.

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.