STANLEY, Va., Sept. 11, 2014 /PRNewswire/ -- The Board of
Directors of Pioneer Bankshares, Inc. (OTC Bulletin Board: PNBI)
declared a 3rd quarter dividend at its September 11, 2014 meeting. The
dividend payment declared will be paid at $0.17 per share for shareholders of record as of
September 22, 2014 and will be
payable on September 30, 2014.
This dividend remains the same as the prior quarter and brings the
total payout year-to-date to $0.51
per share. This represents a 2.00% increase over the prior
year. The dividend payout also represents an annualized
return on investment of 3.30% based on the current market trade
value of $20.60 per share.
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.