Old Point Financial Corporation Declares Quarterly Dividend

Rhea-AI Summary

Old Point Financial Corporation has declared a quarterly cash dividend of $0.13 per share, set for payment on March 25, 2022, to shareholders of record by March 2, 2022. This dividend maintains the same amount as the previous quarter, resulting in an approximate dividend yield of 2.1% based on the stock's closing price of $24.45 on February 15, 2022. Old Point operates in the Hampton Roads and Richmond regions of Virginia, offering a variety of financial services through its banking and trust divisions.

Positive

• Quarterly cash dividend of $0.13 per share supports shareholder income.
• Dividend yield of approximately 2.1% offers attractive return.

Negative

• None.

HAMPTON, Va., Feb. 16, 2022 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.13 per share on its common stock to be paid on March 25, 2022 to shareholders of record as of March 2, 2022. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $24.45 on February 15, 2022, the dividend yield is approximately 2.1%. 

ABOUT OLD POINT FINANCIAL CORPORATION

Old Point Financial Corporation (Nasdaq: OPOF) is the parent company of Old Point National Bank and Old Point Trust & Financial Services, N.A., 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 Trust 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 for March 2022?

Old Point Financial Corporation declared a cash dividend of $0.13 per share for March 2022.

When will the dividend be paid to shareholders of Old Point Financial Corporation?

The dividend will be paid on March 25, 2022.

What is the ex-dividend date for Old Point Financial Corporation's March 2022 dividend?

The ex-dividend date is March 2, 2022.

What is the dividend yield for Old Point Financial Corporation based on recent stock price?

The dividend yield is approximately 2.1%, based on a stock price of $24.45.