Farmers Bankshares, Inc. Reports First Quarter Dividend

Rhea-AI Summary

Farmers Bankshares, Inc. (OTC-PINK: FBVA), based in Windsor, Virginia, has announced a quarterly dividend of $0.13 per share, reflecting an increase of 8.3% from the previous $0.12 declared in December 2020. The record date for eligible stockholders is set for April 1, 2021, with payment scheduled for April 15, 2021. Farmers Bank operates eight branches in Tidewater, Virginia, serving local communities since its founding in 1919.

Positive

• Quarterly dividend increased to $0.13 per share, up 8.3% from last quarter.
• Demonstrates company confidence and growth potential for shareholders.

Negative

• None.

WINDSOR, Va., March 18, 2021 /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 $0.13 per share to holders of common stock of the company.  On an annualized basis the $0.13 per share dividend is increased by 8.3% over the dividend declared in December 2020 of $0.12 per share.

The record date for stockholders entitled to payment of the dividend will be the close of normal trading on April 1, 2021, with payment to occur by April 15, 2021. 

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.

Farmers Bank, founded in 1919, is headquartered in Windsor, Virginia, 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.

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SOURCE Farmers Bankshares, Inc.

FAQ

What is the dividend amount declared by Farmers Bankshares, Inc. (FBVA)?

The dividend amount declared is $0.13 per share.

When is the record date for the dividend payment for FBVA?

The record date for the dividend payment is April 1, 2021.

When will the dividend be paid to shareholders of FBVA?

The dividend will be paid on April 15, 2021.

How much has the dividend increased for Farmers Bankshares, Inc.?

The dividend has increased by 8.3% from the previous $0.12 per share.