The Fauquier Bankshares Inc. (NASDAQ: FBSS) board has announced a quarterly dividend of 12 cents per share.

That dividend will apply to shareholders of record at the close of business on March 16 and will be payable on April 2.

The quarterly dividend represents a 48-cent per share dividend on an annualized basis. 

The Fauquier Bankshares Board of Directors also scheduled 2012 Annual Shareholders Meeting for Tuesday, May 15. Shareholders of record at the close of business on March 9 will be entitled to vote.

The company recently reported a profit of $4.1 million in 2011, an increase of 12.3 percent over the previous year.
Warrenton-based Fauquier Bankshares and its principal subsidiary, The Fauquier Bank, had combined assets of $614.2 million and total shareholders' equity of $47.6 million at year’s end.

The independent, locally-owned, community bank has 10 offices in Fauquier and Prince William counties.

Additional information, including a more extensive investor presentation with comparisons of the company's performance to peer institutions is available at http://investor.fauquierbank.com or by calling Investor Relations at (800) 638-3798.

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