WINDSOR, Va., Sept. 25, 2015 /PRNewswire/ -- Farmers Bankshares, Inc. (FBVA), the Windsor-based holding company for Farmers Bank, announced that the Board of Directors has declared a quarterly dividend of $0.22 per share on a pre-split basis (adjusted to $0.044 per share on a post-split basis) to holders of common stock of the company. On an annualized basis the $0.22 per share quarterly dividend is increased over the semi-annual dividend declared in December 2014 of $0.32 per share by $0.24 per share or 38 percent and remains unchanged from the dividend declared in June 2015.
The record date for stockholders entitled to payment of the dividend will be the close of normal trading on October 1, 2015, with payment to occur by October 15, 2015.
The five for one stock split announced on September 1, 2015 remains in effect for holders on record as of October 2, 2015.
The common stock of Farmers Bankshares, Inc. trades on the NASDAQ market as an Over-the-Counter Bulletin Board stock under the symbol FBVA. Any stockbroker can assist with purchase of the company's stock, as well as with sales of holdings.
Farmers Bank, founded in 1919, is headquartered in Windsor, VA, and is a full-service community bank which operates six branches throughout Western Tidewater Virginia. Additional information is available at the company's website, www.farmersbankva.com.
SOURCE Farmers Bankshares, Inc.