First National Corp. (FXNC) To Go Ex-Dividend on August 28th

First National Corp. (NASDAQ:FXNC) announced a quarterly dividend on Wednesday, August 12th. Stockholders of record on Friday, August 28th will be given a dividend of 0.17 per share on Friday, September 11th. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, August 28th.

First National has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 10 consecutive years. First National has a dividend payout ratio of 29.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First National to earn $2.58 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 26.4%.

First National Stock Performance

NASDAQ FXNC traded down $0.35 on Friday, hitting $31.82. 6,164 shares of the stock were exchanged, compared to its average volume of 65,522. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.88 and a quick ratio of 0.88. The business’s fifty day moving average is $30.14 and its 200 day moving average is $28.35. First National has a 52 week low of $21.58 and a 52 week high of $33.24. The company has a market capitalization of $287.61 million, a PE ratio of 13.26 and a beta of 0.42.

First National (NASDAQ:FXNC) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.04. First National had a net margin of 18.43% and a return on equity of 11.62%. The company had revenue of $23.93 million during the quarter, compared to the consensus estimate of $23.45 million. Research analysts anticipate that First National will post 2.44 EPS for the current fiscal year.

About First National

First National Corporation operates as the bank holding company for First Bank that provides various commercial banking services to small and medium-sized businesses, individuals, estates, local governmental entities, and non-profit organizations in Virginia. The company's deposit products include checking, savings, money market, and individual retirement accounts, as well as certificates of deposit and treasury management solutions. Its loan products comprise construction loans, including residential, land acquisition, and development loans; 1-4 family residential real estate loans; and commercial real estate loans that are secured by commercial real estate, including multi-family residential buildings, office and retail buildings, hotels, industrial buildings, and religious facilities.