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Stock impact report

First National (NASDAQ:FXNC) Is Increasing Its Dividend To $0.17 [Yahoo! Finance]

First National Corporation (FXNC) 
NASDAQ:AMEX Investor Relations: ir.fbvirginia.com
Company Research Source: Yahoo! Finance
to $0.17, which will be 9.7% higher than last year's comparable payment amount of $0.155. Based on this payment, the dividend yield for the company will be 2.6%, which is fairly typical for the industry. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. First National's Dividend Forecasted To Be Well Covered By Earnings We like a dividend to be consistent over the long term, so checking whether it is sustainable is important. First National has a long history of paying out dividends, with its current track record at a minimum of 10 years. Taking data from its last earnings report, calculating for the company's payout ratio shows 49%, which means that First National would be able to pay its last dividend without pressure on the balance sheet. Over the next 3 years, EPS is forecast to expand by 99.3%. The future payout ratio could be 26% over that time period, according to analyst estimates, which is a good look fo Show less Read more
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