SOURCE: National Bankshares, Inc.
BLACKSBURG, VA--(Marketwire - Nov 14, 2012) - The Board of Directors of National Bankshares, Inc. (NASDAQ: NKSH) today approved payment on December 3, 2012 of a semi-annual dividend of $0.57 per share to all stockholders of record as of November 23, 2012. The dividend is 9.6% higher than the semi-annual dividend that was paid on December 1, 2011.
James G. Rakes, Chairman, President & CEO, said, "Based on our solid financial performance, we are pleased to provide our stockholders with another semi-annual cash dividend."
National Bankshares, Inc. is a financial holding company headquartered in Blacksburg, Virginia, with total assets of approximately $1.08 billion. It is the parent company of National Bank, a 121 year-old community bank with 25 offices throughout Southwest Virginia. Additional information is available on the Company's web site at www.nationalbankshares.com.
Certain statements in this press release may be "forward-looking statements." Forward-looking statements are statements that include projections, predictions, expectations or beliefs about future events or results that are not statements of historical fact and that involve significant risks and uncertainties. Although the Company believes that its expectations with regard to forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual Company results will not differ materially from any future results implied by the forward-looking statements. Actual results may be materially different from past or anticipated results because of many factors, some of which may include changes in economic conditions, the interest rate environment, legislative and regulatory requirements, new products, competition, changes in the stock and bond markets and technology. The Company does not update any forward-looking statements that it may make.