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

National Bankshares, Inc. (NASDAQ:NKSH) announced a Semi-Annual dividend on Wednesday, May 15th, Zacks reports. Stockholders 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 dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, May 24th.

National Bankshares has raised its dividend by an average of 2.8% annually over the last three years. National Bankshares has a payout ratio of 53.1% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

NKSH opened at $31.05 on Thursday. The stock has a market capitalization of $182.88 million, a price-to-earnings ratio of 13.74 and a beta of 0.58. The company has a fifty day moving average of $30.66 and a 200 day moving average of $30.70. National Bankshares has a fifty-two week low of $22.28 and a fifty-two week high of $37.00.

National Bankshares (NASDAQ:NKSH) last posted its earnings results on Wednesday, May 15th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.06). The company 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%.

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.