STANLEY, Va., Dec. 11,
2014 /PRNewswire/ -- The Board of Directors of Pioneer
Bankshares, Inc. (OTC Bulletin Board: PNBI) declared a
4th quarter dividend at its December 11, 2014 meeting. The
dividend payment declared will be paid at $0.17 per share for shareholders of record as of
December 22, 2014 and will be payable
on December 31, 2014. This
dividend remains the same as the prior quarter and brings the total
payout year-to-date to $0.68 per
share. This represents a 1.50% increase over the prior year.
The dividend payout also represents an annualized return on
investment of 3.24% based on the current market trade value.
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.