Farmers Bankshares, Inc. Reports Second Quarter Dividend

Rhea-AI Summary

Farmers Bankshares, Inc. (OTC-PINK: FBVA) announced a quarterly dividend of $0.15 per share, marking a 15.4% increase from $0.13 in June 2021. The record date for shareholders entitled to the dividend payment is July 1, 2022, with payments scheduled for July 15, 2022. Founded in 1919 and based in Windsor, Virginia, the company operates eight branches across Tidewater Virginia, serving as a community bank.

Positive

• Quarterly dividend increased by 15.4% from the previous year.
• Dividend payment scheduled for July 15, 2022, indicating strong financial performance.

Negative

• None.

WINDSOR, Va., June 21, 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 June 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 July 1, 2022, with payment to occur by July 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 declared dividend amount for Farmers Bankshares, Inc.?

The declared dividend amount is $0.15 per share.

When will the dividend be paid to shareholders of FBVA?

The dividend will be paid on July 15, 2022.

What was the increase in the dividend amount compared to last year?

The dividend increased by 15.4% compared to last year's $0.13.

What is the record date for the dividend payment for FBVA shareholders?

The record date is July 1, 2022.