STANLEY, Va., June 10, 2016 /PRNewswire/ -- The Board of Directors of Pioneer Bankshares, Inc. (OTC Bulletin Board: PNBI) declared a 2nd quarter dividend at its June 9, 2016 meeting. The dividend payment declared will be paid at $0.19 per share for shareholders of record as of June 20, 2016 and is payable on June 30, 2016. This dividend is the same as the prior quarter and represents an increase of 5.56% as compared to the same period last year. The dividend payout also represents an annualized return on investment to shareholders of 3.14% based on the market value of the Company's stock as of the date of this release.
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.
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SOURCE Pioneer Bankshares, Inc.