Pinnacle Bankshares Corp (PPBN) Declares $0.18 Quarterly Dividend; 3.3% Yield

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Pinnacle Bankshares Corporation Announces Increase to Quarterly Cash Dividend

November 10, 2022 2:00 PM EST

ALTAVISTA, Va., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Pinnacle Bankshares Corporation (Pinnacle or 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 $0.18 per share on November 8, 2022, payable December 2, 2022, to shareholders of record as of November 18, 2022.

The $0.18 per share cash dividend is $0.03 higher than the $0.15 dividend paid last quarter and marks the forty-first consecutive quarter that a dividend has been declared. Total dividends declared have increased $.05 per share, or 9%, to $0.61 per share in 2022 as compared to $0.56 per share... More