STANLEY, Va., June 11, 2015 /PRNewswire/ -- The Board of
Directors of Pioneer Bankshares, Inc. (OTC Bulletin Board: PNBI)
declared a 2nd quarter dividend at its June 11, 2015 meeting. The dividend payment
declared will be paid at $0.18 per
share for shareholders of record as of June
22, 2015 and will be payable on June
30, 2015. This dividend brings the total payments for
2015 to $0.36 per share and
represents a year-to-date increase of 5.88% over the prior
year. The dividend payout also represents an annualized
return on investment of 3.25% based on the current market
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.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/pioneer-bankshares-inc-declares-2nd-quarter-dividend-300097985.html
SOURCE Pioneer Bankshares, Inc.