Contact Information: CONTACTS: JAMES G. RAKES CHAIRMAN, PRESIDENT & CEO (540) 951-6236 DAVID K. SKEENS TREASURER & CFO (540) 951-6347
National Bankshares Declares Semi-Annual Dividend
| Source: National Bankshares, Inc.
BLACKSBURG, VA--(Marketwire - November 12, 2009) - National Bankshares, Inc. (NASDAQ : NKSH )
announced today that its Board of Directors has approved payment on
December 1, 2009 of a semi-annual cash dividend of $0.43 per share to the
Company's stockholders of record on November 23, 2009. Total dividends for
2009 are $0.84 per share, an increase of 5% over the stockholder dividends
paid in 2008.
James G. Rakes, Chairman, President & CEO of National Bankshares, Inc.
said, "Our Company has traditionally shared higher earnings with our
stockholders in the form of higher dividends. In this challenging economy,
it is especially gratifying to be able to increase dividends again this
year."
National Bankshares, Inc. is a financial holding company that is the parent
of the 118 year-old National Bank of Blacksburg, which does business as
National Bank from 25 offices in Southwest Virginia. The Company has a
second non-bank subsidiary that serves the same markets as National
Bankshares Investment Services and National Bankshares Insurance Services.
The Company's stock is traded on the NASDAQ Capital Market under the symbol
"NKSH." Additional information is available at www.nationalbankshares.com.
Forward-Looking Statements
Certain statements in this press release may be "forward-looking
statements." Forward-looking statements are statements that include
projections, predictions, expectations or beliefs about future events or
results that are not statements of historical fact and that involve
significant risks and uncertainties. Although the Company believes that
its expectations with regard to forward-looking statements are based upon
reasonable assumptions within the bounds of its existing knowledge of its
business and operations, there can be no assurance that actual Company
results will not differ materially from any future results implied by the
forward-looking statements. Actual results may be materially different
from past or anticipated results because of many factors, some of which may
include changes in economic conditions, the interest rate environment,
legislative and regulatory requirements, new products, competition, changes
in the stock and bond markets and technology. The Company does not update
any forward-looking statements that it may make.