PPBN - Pinnacle Bankshares Corporation Increases Quarterly Cash Dividend to 25 Cents per Share | Benzinga
ALTAVISTA, Va., Nov. 15, 2023 (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 November 14, 2023, payable December 8, 2023, to shareholders of record as of November 24, 2023.
The $0.25 per share cash dividend is an increase of $0.05 per share, or 25%, compared to the $0.20 per share cash dividend paid last quarter and marks the forty-fifth consecutive quarter that a dividend has been declared.
"Pinnacle is pleased to increase the quarterly cash dividend to $0.25 per share for our shareholders based on our year-to-date 2023 record high performance," stated Aubrey H. Hall, III, President and Chief Executive Officer for both the Company and the Bank. Mr. Hall further commented, "Our Company remains committed to providing enhanced returns to our shareholders, while remaining in a strong financial position and being recognized as the premier community bank by our customers and the markets we serve."
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, Bedford, ...