• 57°

Benchmark increases dividend

Benchmark Bankshares, Inc. (BMBN), the Kenbridge-based holding company for Benchmark Community Bank, recently announced the declaration of a semi-annual dividend of $0.33 per share to holders of common stock of the company. This marks the sixth consecutive increase to the company’s semi-annual dividend since December of 2017. The current dividend is a 6.5% increase from the dividend of $0.31 per share declared in December 2019 and a 13.8% increase over the $0.29 declared last June.

The record date for shareholders entitled to payment of the dividend will be the close of business, 4 p.m., on July 6, with payment to occur by July 31.