Old Point Financial Corporation Announces Quarterly Dividend

Rhea-AI Summary

Old Point Financial , headquartered in Hampton, Virginia, announced a quarterly cash dividend of $0.14 per share on its common stock.

The dividend will be paid on June 28, 2024, to shareholders of record as of June 5, 2024.

This dividend amount is consistent with the previous quarter's dividend.

Based on the stock's closing price of $14.81 on May 21, 2024, the annual dividend yield is approximately 3.8%.

Positive

• Quarterly cash dividend of $0.14 per share maintains consistency, indicating stable financial performance.
• Annual dividend yield of approximately 3.8% is attractive to income-focused investors.
• Payment date set for June 28, 2024, providing a clear timeline for shareholders.

Negative

• Dividend amount remains unchanged, which may suggest growth potential.
• Stock closing price of $14.81 might reflect market perception and valuation concerns.

HAMPTON, Va., May 22, 2024 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on June 28, 2024 to shareholders of record as of June 5, 2024. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $14.81 on May 21, 2024, the annual dividend yield is approximately 3.8%.

ABOUT OLD POINT FINANCIAL CORPORATION 

Old Point Financial Corporation (Nasdaq: OPOF) is the parent company of Old Point National Bank and Old Point Wealth Management, which serve the Hampton Roads and Richmond regions of Virginia. Old Point National Bank is a locally owned and managed community bank which offers a wide range of financial services from checking, insurance, and mortgage products to comprehensive commercial lending and banking products and services. Old Point Wealth Management is the largest wealth management services provider headquartered in Hampton Roads, Virginia, offering local asset management by experienced professionals. Additional information about the company is available at oldpoint.com.

Contact: Laura Wright, VP/Marketing Director, 757.728.1743

 

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SOURCE Old Point Financial Corporation

FAQ

When will Old Point Financial pay the next dividend?

Old Point Financial will pay the next dividend on June 28, 2024.

What is the dividend amount announced by Old Point Financial ?

The dividend amount announced is $0.14 per share.

What is the dividend yield of Old Point Financial ?

The annual dividend yield is approximately 3.8% based on the stock's closing price of $14.81 on May 21, 2024.

When is the record date for Old Point Financial 's upcoming dividend?

The record date for the upcoming dividend is June 5, 2024.