STRASBURG — The Board of Directors of First National Corp. has declared a quarterly cash dividend of 3-cents per share — a 20 percent increase from the quarterly dividend paid Dec. 18, according to a news release.

First National Bank has locations in downtown Farmville and Dillwyn.

“The dividend is payable on March 18, 2016 to shareholders of record as of March 4, 2016,” the release stated.