STANLEY, Va., March 8, 2016 /PRNewswire/ -- The Board of Directors of Pioneer Bankshares, Inc. (OTC Bulletin Board: PNBI) declared a 1st quarter dividend at its February 11, 2016 meeting. The dividend payment declared will be paid at $0.19 per share for shareholders of record as of March 21, 2016 and is payable on March 31, 2016. This dividend represents an increase over the previous quarter of 5.56%. The dividend payout also represents an annualized return on investment of 3.17% based on the current market value of the Company's stock.
Pioneer Bankshares, Inc. is a one bank holding company located in Virginia. The corporate office and main branch are located in Stanley, Virginia, with other offices located in Shenandoah, Luray, Harrisonburg, Stanardsville, Ruckersville, and Charlottesville, Virginia. The Bank also operates a small consumer loan finance company known as Valley Finance Services, a Division of Pioneer Bank, which specializes in consumer and auto lending.
SOURCE Pioneer Bankshares, Inc.