PPBN - Pinnacle Bankshares Corporation Announces Quarterly Cash Dividend of 25 Cents per Share | Benzinga
ALTAVISTA, Va., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Pinnacle Bankshares Corporation ("Pinnacle" or the "Company") (OTCQX:PPBN), the one-bank holding company for First National Bank (the "Bank"), announced today that its Board of Directors declared a cash dividend of $0.25 per share on February 13, 2024, payable March 8, 2024, to shareholders of record as of February 23, 2024.
The $0.25 per share cash dividend is equal to the $0.25 dividend paid last quarter and marks the forty-sixth consecutive quarter that a dividend has been declared.
"Pinnacle is pleased to provide a cash dividend of $0.25 per share to our shareholders this quarter," stated Aubrey H. Hall, III, President and Chief Executive Officer for both the Company and the Bank. Mr. Hall further commented, "This return on investment is consistent with the cash dividend paid in the fourth quarter of 2023, when the rate was increased $0.05 per share, or 25%, as a result of our improved profitability and capital position. Overall, cash dividends per share paid in 2023 increased 39% as compared to the prior year."
Pinnacle Bankshares Corporation is a locally managed community banking organization serving Central and Southern Virginia. The one-bank holding company of First National Bank serves market areas consisting primarily of all or portions of the Counties of Amherst, ...