Farmers Bankshares, Inc. Reports First Quarter Dividend

Rhea-AI Summary

Farmers Bankshares, Inc. (OTC-PINK: FBVA) declared a quarterly dividend of $0.15 per share, reflecting a 15.4% increase from $0.13 in March 2021. The record date for payment is April 4, 2022, with disbursement scheduled for April 15, 2022. Headquartered in Windsor, Virginia, Farmers Bank operates eight branches across Tidewater Virginia, serving the community since 1919. The stock is available for purchase through any stockbroker.

Positive

• Quarterly dividend increased to $0.15 per share, a 15.4% rise from the previous year.
• Scheduled dividend payment reflects strong company performance and shareholder value.

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• None.

WINDSOR, Va., March 23, 2022 /PRNewswire/ -- Farmers Bankshares, Inc. (OTC-PINK: FBVA), the Windsor-based holding company for Farmers Bank, announced that the Board of Directors has declared a quarterly dividend of $0.15 per share to holders of common stock of the company.  On an annualized basis the $0.15 per share dividend is increased by 15.4% over the dividend declared in March 2021 of $0.13 per share.

The record date for stockholders entitled to payment of the dividend will be the close of normal trading on April 4, 2022, with payment to occur by April 15, 2022. 

Headquartered in Windsor, Virginia, Farmers Bankshares, Inc. is the holding company for Farmers Bank, Windsor, Virginia.  Farmers Bank was founded in 1919 and is a community bank which operates eight branches and services areas throughout Tidewater Virginia.  Additional information is available at the company's website, www.farmersbankva.com.

The common stock of Farmers Bankshares, Inc. trades on the OTC Pink Marketplace under the symbol FBVA.  Any stockbroker can assist with purchase of the company's stock, as well as with sales of holdings.

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SOURCE Farmers Bankshares, Inc.

FAQ

What is the dividend amount declared by Farmers Bankshares, Inc. in March 2022?

Farmers Bankshares, Inc. declared a dividend of $0.15 per share in March 2022.

When will Farmers Bankshares, Inc. pay the declared dividend?

The dividend payment will occur on April 15, 2022.

What was the percentage increase of the dividend from the previous year?

The dividend increased by 15.4% from $0.13 in March 2021.

What is the record date for the dividend declared by Farmers Bankshares, Inc.?

The record date for the dividend is April 4, 2022.