News Column

Pinnacle Bankshares Corporation Announces Increased Dividend

August 30, 2014

By a News Reporter-Staff News Editor at Investment Weekly News -- The Board of Directors for Pinnacle Bankshares Corporation (the "Company") (OTCQB: PPBN) declared a cash dividend of $0.085 per share on August 12, 2014, payable September 5, 2014 to shareholders of record as of August 22, 2014. Pinnacle Bankshares is the one-bank holding company for First National Bank (the "Bank"), headquartered in Altavista, Virginia.

The cash dividend is an increase from the $0.075 per share paid to shareholders last quarter and marks the eighth consecutive quarter that a dividend has been declared.

"We are pleased to be able to increase our dividend to $0.085 per share in recognition of Pinnacle's continued financial progress. The execution of our strategic initiatives focused on infrastructure and delivery channels combined with improved asset quality and a higher net interest margin are enhancing shareholder value," stated Aubrey H. Hall, III, President & CEO of Pinnacle Bankshares and First National Bank.

Pinnacle Bankshares Corporation previously released its second quarter 2014 earnings on July 21, 2014.

Keywords for this news article include: Banking and Finance, Pinnacle Bankshares Corporation.

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Source: Investment Weekly News

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