Pinnacle Bankshares Corporation increases quarterly dividend

Pinnacle Bankshares Corporation has announced an increase in its quarterly cash dividend. The Board of Directors declared a dividend of $0.33 per share, which represents a 10% increase from the $0.30 paid in the previous quarter.

The dividend is scheduled to be payable on September 4, 2026, to shareholders of record as of August 21, 2026. This marks the fifty-sixth consecutive quarter that the company has declared a dividend.

Aubrey H. Hall, III, President and CEO of both Pinnacle Bankshares and its subsidiary, First National Bank, attributed the increase to the company’s earnings growth, capital position, strong asset quality, and ample liquidity. The company operates as a community banking organization serving various counties and cities in Central and Southern Virginia.