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Stock impact report

Why It Might Not Make Sense To Buy First National Corporation (NASDAQ:FXNC) For Its Upcoming Dividend [Yahoo! Finance]

First National Corporation (FXNC) 
NASDAQ:AMEX Investor Relations: ir.fbvirginia.com
Company Research Source: Yahoo! Finance
The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Thus, you can purchase First National's shares before the 28th of February in order to receive the dividend, which the company will pay on the 14th of March. The company's next dividend payment will be US$0.155 per share, and in the last 12 months, the company paid a total of US$0.62 per share. Looking at the last 12 months of distributions, First National has a trailing yield of approximately 2.5% on its current stock price of US$25.01. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to investigate whether First National can afford its dividend, and Show less Read more
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