First Community Bankshares, Inc. (NASDAQ:FCBC) to Issue Quarterly Dividend of $0.29

First Community Bankshares, Inc. (NASDAQ:FCBC) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Stockholders of record on Friday, May 10th will be paid a dividend of 0.29 per share by the bank on Friday, May 24th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date is Thursday, May 9th.

First Community Bankshares has raised its dividend by an average of 5.1% annually over the last three years. First Community Bankshares has a dividend payout ratio of 50.9% meaning its dividend is sufficiently covered by earnings. Analysts expect First Community Bankshares to earn $2.28 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 50.9%.

First Community Bankshares Stock Down 0.2 %

Shares of FCBC stock opened at $35.42 on Wednesday. First Community Bankshares has a fifty-two week low of $23.25 and a fifty-two week high of $39.23. The stock has a market cap of $654.21 million, a P/E ratio of 13.07 and a beta of 0.52. The business has a fifty day simple moving average of $33.14 and a 200-day simple moving average of $34.08.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded First Community Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, April 27th.

First Community Bankshares Company Profile

First Community Bankshares, Inc operates as the financial holding company for First Community Bank that provides various banking products and services. It offers demand deposit accounts, savings and money market accounts, certificates of deposit, and individual retirement plans; and commercial, consumer real estate, and consumer and other loans.