Pinnacle Bankshares Corporation Announces Quarterly Cash Dividend of 28 Cents per Share & Approval of Stock Repurchase Plan

Core Viewpoint - Pinnacle Bankshares Corporation announced a cash dividend of $0.28 per share and a stock repurchase plan of up to $3.5 million, reflecting its commitment to enhancing shareholder returns [1][2][3]. Dividend Announcement - The cash dividend of $0.28 per share is consistent with the previous quarter's dividend and marks the fifty-fourth consecutive quarter of declared dividends [2]. Stock Repurchase Plan - The Board approved a Stock Repurchase Plan allowing the repurchase of up to $3,500,000 of the Company's outstanding common shares through December 31, 2026 [3]. - The repurchase may occur through various methods, including open market purchases and block trades, depending on market conditions and other factors [3]. Company Overview - Pinnacle Bankshares Corporation operates as a community banking organization in Central and Southern Virginia, serving multiple counties and cities with a total of nineteen branches [4]. - First National Bank, the subsidiary of Pinnacle, has been in operation for 118 years and continues to expand its services, including a new full-service branch opened in January 2026 [4].