Pinnacle Bankshares Corp (PPBN) Raises Quarterly Dividend 10% to $0.11; 1.5% Yield

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Pinnacle Bankshares Corporation Increases Cash Dividend

May 9, 2018 1:01 PM EDT

ALTAVISTA, Va., May 09, 2018 (GLOBE NEWSWIRE) -- Pinnacle Bankshares Corporation (the Company) (OTCQX: PPBN), the one-bank holding company for First National Bank (the Bank), announced today that its Board of Directors declared a cash dividend of $0.11 per share on May 8, 2018 payable June 1, 2018 to shareholders of record as of May 18, 2018. 

The $0.11 per share cash dividend is an increase from the $0.10 per share paid to shareholders last quarter and marks the twenty-third consecutive quarter that a dividend has been declared.  Pinnacle previously released its first quarter 2018 earnings on April 25, 2018 indicating record core net income for... More