SOURCE: National Bankshares, Inc.

November 08, 2006 17:00 ET

National Bankshares, Inc. Announces Semi-Annual Dividend

BLACKSBURG, VA -- (MARKET WIRE) -- November 8, 2006 -- NATIONAL BANKSHARES, INC. (NASDAQ: NKSH) announced that its Board of Directors today approved payment on December 1, 2006 of a semi-annual dividend of $0.37 per share to stockholders of record as of November 20, 2006. When adjusted for a March 31, 2006 stock split, total annual Company dividends of $0.73 per share will be 2.8% higher than the stockholder dividends paid in 2005.

National Bankshares Chairman, President and CEO James G. Rakes said, "We believe in sharing our company's success with our stockholders, and we are pleased to be able to pay a higher dividend once again this year."

National Bankshares, Inc. is a financial holding company headquartered in Blacksburg, Virginia. It is the parent of National Bank, a 115-year-old bank with 26 office locations throughout Southwest Virginia. The Company also operates a non-bank subsidiary, National Bankshares Financial Services, Inc. Its stock trades on the NASDAQ Stock Market under the symbol "NKSH." Additional information is available on the Company web site at

Contact Information

    James G. Rakes
    President & CEO
    (540) 951-6236

    J. Robert Buchanan
    (276) 979-0341