Contact Information: CONTACTS: James G. Rakes President & CEO (540) 951-6236 J. Robert Buchanan Treasurer (276) 979-0341
National Bankshares, Inc. Announces Semi-Annual Dividend
| Source: National Bankshares, Inc.
BLACKSBURG, VA -- (MARKET WIRE) -- November 8, 2006 -- NATIONAL BANKSHARES, INC. (NASDAQ : NKSH )
announced that its Board of Directors today approved payment on December 1,
2006 of a semi-annual dividend of $0.37 per share to stockholders of record
as of November 20, 2006. When adjusted for a March 31, 2006 stock split,
total annual Company dividends of $0.73 per share will be 2.8% higher than
the stockholder dividends paid in 2005.
National Bankshares Chairman, President and CEO James G. Rakes said, "We
believe in sharing our company's success with our stockholders, and we are
pleased to be able to pay a higher dividend once again this year."
National Bankshares, Inc. is a financial holding company headquartered in
Blacksburg, Virginia. It is the parent of National Bank, a 115-year-old
bank with 26 office locations throughout Southwest Virginia. The Company
also operates a non-bank subsidiary, National Bankshares Financial
Services, Inc. Its stock trades on the NASDAQ Stock Market under the
symbol "NKSH." Additional information is available on the Company web site
at www.nationalbankshares.com.