National Bankshares, Inc. (NASDAQ:NKSH) Stock to Pay Dividend of $0.78

National Bankshares, Inc. (NASDAQ:NKSH) declared a dividend on Thursday, November 12th. Stockholders of record on Monday, November 23rd will be paid a dividend of $0.78 per share by the bank on Tuesday, December 1st. This represents a dividend yield of 399.0%. The ex-dividend date of this dividend is Monday, November 23rd.

National Bankshares has a dividend payout ratio of 54.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect National Bankshares to earn $3.86 per share next year, which means the company should continue to be able to cover its $1.50 annual dividend with an expected future payout ratio of 38.9%.

National Bankshares Stock Down 1.2%

Shares of NKSH traded down $0.47 during trading hours on Friday, reaching $39.12. The stock had a trading volume of 7,365 shares, compared to its average volume of 33,417. The company has a market cap of $249.19 million, a P/E ratio of 11.68 and a beta of 0.62. National Bankshares has a 52 week low of $28.35 and a 52 week high of $45.99. The firm has a 50-day moving average of $42.02 and a 200 day moving average of $38.57.

National Bankshares (NASDAQ:NKSH) last posted its earnings results on Thursday, October 22nd. The bank reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.12). National Bankshares had a return on equity of 11.09% and a net margin of 24.08%. The business had revenue of $16.42 million for the quarter, compared to the consensus estimate of $17.30 million. As a group, equities analysts expect that National Bankshares will post 3.52 earnings per share for the current year.

About National Bankshares

National Bankshares, Inc. is a bank holding company headquartered in Blacksburg, Virginia. Its principal subsidiary, The National Bank of Blacksburg, operates as a community bank serving individuals, businesses and organizations in Virginia. The bank offers deposit accounts and lending services, including consumer, commercial and real estate loans. It also provides trust, investment and other financial services through affiliated operations. The bank traces its history to 1891, when the National Bank of Blacksburg was established.