Farmers Bankshares, Inc. Reports Third Quarter Dividend

Rhea-AI Summary

Farmers Bankshares, Inc. (OTC-PINK: FBVA) has announced a quarterly dividend of $0.15 per share, reflecting a 15% increase from the previous dividend of $0.13 declared in June 2021. The record date for dividend eligibility is October 1, 2021, with payment scheduled for October 15, 2021. This marks a positive development for shareholders, showcasing the company's commitment to rewarding its investors.

Positive

• Quarterly dividend declared at $0.15 per share, up 15% from previous dividend.
• Enhanced return for shareholders reflects company confidence.

Negative

• None.

WINDSOR, Va., Sept. 20, 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 $0.15 per share to holders of common stock of the company.  On an annualized basis the $0.15 per share dividend is increased 15% from 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 October 1, 2021, with payment to occur by October 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)?

Farmers Bankshares, Inc. declared a quarterly dividend of $0.15 per share.

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

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

When will the dividend for FBVA be paid?

The dividend will be paid on October 15, 2021.

How much did the dividend increase for Farmers Bankshares, Inc.?

The dividend increased by 15% from $0.13 to $0.15 per share.