Old Point Financial Corporation Declares Quarterly Dividend

Rhea-AI Summary

Old Point Financial Corporation (OPOF) has declared a quarterly cash dividend of $0.14 per share on its common stock, to be paid on December 29, 2023. The dividend amount remains the same as the prior quarter's dividend, resulting in an annual dividend yield of approximately 3.15% based on the stock's closing price of $17.75 on November 21, 2023.

Positive

• Consistent dividend payout reflects stability and shareholder focus.

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• None.

HAMPTON, Va., Nov. 22, 2023 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on December 29, 2023 to shareholders of record as of December 6, 2023. This dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $17.75 on November 21, 2023, the annual dividend yield is approximately 3.15%. 

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 as well as operate a mortgage loan production office in Charlotte, North Carolina. 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

What is the dividend amount declared by Old Point Financial Corporation?

Old Point Financial Corporation has declared a quarterly cash dividend of $0.14 per share on its common stock.

When will the dividend be paid to shareholders?

The dividend is scheduled to be paid on December 29, 2023.

What is the annual dividend yield based on the stock's closing price?

Based on the stock's closing price of $17.75 on November 21, 2023, the annual dividend yield is approximately 3.15%.