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Virginia-based Farmers Bankshares hikes dividend by 2 cents

The board of Windsor, Va.-based Farmers Bankshares Inc. declared a quarterly dividend of 10 cents per common share for shareholders on record as of Jan. 4, 2017.

The dividend, which is payable Jan. 16, 2017, represents an increase of 2 cents per share, or 25%, over the previously declared quarterly dividend of 8 cents per share.