Cardinal Bankshares increases dividend

FLOYD, Va., June 13, 2012 /PRNewswire/ -- The Board of Directors for Cardinal Bankshares Corporation (OTC BB: CDBK) today declared a bi-annual dividend of $0.10 per share, a 25 percent increase over the $.08 per share paid in the previous six months.

The dividend will be paid June 30, 2012, to shareholders of record as of June 27, 2012.

Floyd, Va-based Cardinal Bankshares, the parent company for the Bank of Floyd, has $272 million in assets and operates seven branch offices in the Roanoke Region of Virginia.

Contact:
Michael Larrowe
President and CEO
Bank of Floyd
(540) 745-5210

SOURCE Cardinal Bankshares Corporation