Pinnacle Bankshares Corporation Announces Increase to Quarterly Cash Dividend
ALTAVISTA, Va., Feb. 15, 2023 (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 $0.20 per share on February 14, 2023, payable March 10, 2023, to shareholders of record as of February 24, 2023.
- ALTAVISTA, Va., Feb. 15, 2023 (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 $0.20 per share on February 14, 2023, payable March 10, 2023, to shareholders of record as of February 24, 2023.
- The $0.20 per share cash dividend is $0.02, or 11%, higher than the $0.18 dividend paid last quarter and marks the forty-second consecutive quarter that a dividend has been declared.
- “Pinnacle is pleased to increase its quarterly cash dividend to $0.20 per share as a result of record high earnings generated during 2022,” stated Aubrey H. Hall, III, President and Chief Executive Officer for both the Company and the Bank.
- This press release may contain “forward-looking statements” within the meaning of federal securities laws that involve significant risks and uncertainties.