National Bankshares, Inc. (NKSH) to Issue Semi-annual Dividend of $0.78 on December 2nd

National Bankshares, Inc. (NASDAQ:NKSH) declared a semi-annual dividend on Wednesday, November 13th,NASDAQ Dividends reports. Shareholders of record on Monday, November 25th will be given a dividend of 0.78 per share by the bank on Monday, December 2nd. This represents a yield of 5%. The ex-dividend date of this dividend is Monday, November 25th. This is an increase from National Bankshares’s previous semi-annual dividend of $0.55.

National Bankshares has raised its dividend by an average of 2.8% annually over the last three years. National Bankshares has a dividend payout ratio of 58.9% meaning its dividend is sufficiently covered by earnings. 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 $1.56 annual dividend with an expected future payout ratio of 58.9%.

National Bankshares Stock Up 4.3 %

Shares of NASDAQ:NKSH opened at $32.04 on Friday. The firm’s 50 day moving average price is $30.03 and its 200-day moving average price is $29.76. The stock has a market capitalization of $203.77 million, a PE ratio of 22.10 and a beta of 0.56. National Bankshares has a twelve month low of $25.18 and a twelve month high of $37.00.

Analyst Ratings Changes

Separately, Janney Montgomery Scott upgraded shares of National Bankshares from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Friday.

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.