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-National Bankshares declares semi-annual dividend.

Global Banking News-May 10, 2012--National Bankshares declares semi-annual dividend(C)2012 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 10 May 2012

National Bankshares Inc (NASDAQ: NKSH), a Blacksburg, Virginia-based financial holding company for National Bank, with total assets of around USD1.08bn, has declared a semi-annual dividend of USD0.53 per share on its common stock.

The dividend will be payable on June 1, 2012 to all stockholders of record as of May 21, 2012. The dividend is 10.4 percent higher than the semi-annual dividend that was paid on June 1, 2011.

The board has renewed its authorisation of a stock repurchase plan, under which management is authorised to purchase up to 100,000 shares of National Bankshares Inc's common stock in the open market. The authorisation extends from June 1, 2012 to May 31, 2013. The company's current stock repurchase plan expires on May 31, 2012. National Bankshares' management is yet to determine the number of shares, if any, that may be purchased under the continued stock repurchase plan.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:May 10, 2012
Words:194
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