Old Point Financial Corporation Declares Quarterly Dividend

Rhea-AI Summary

Old Point Financial Corporation (OPOF) announced a quarterly cash dividend of $0.12 per share, consistent with the previous quarter's payout. The dividend is set for disbursement on December 28, 2020, to shareholders recorded by December 2, 2020. This dividend yields approximately 2.9% based on the stock's closing price of $16.51 on November 18, 2020. Old Point Financial is the parent company of Old Point National Bank and Old Point Trust & Financial Services, serving the Hampton Roads, Virginia region.

Positive

• Quarterly dividend of $0.12 per share reaffirmed, indicating consistent shareholder return.
• Dividend yield of approximately 2.9% reflects stability and attractiveness to investors.

Negative

• None.

HAMPTON, Va., Nov. 18, 2020 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.12 per share on its common stock to be paid on December 28, 2020 to shareholders of record as of December 2, 2020. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $16.51 on November 18, 2020, the dividend yield is approximately 2.9%. 

ABOUT OLD POINT FINANCIAL CORPORATION
Old Point Financial Corporation (Nasdaq: OPOF) is the parent company of Old Point National Bank, a locally owned and managed community bank, and Old Point Trust & Financial Services, N.A., a wealth management services provider, serving the Hampton Roads, Virginia region. Additional information on the Company is available at www.OldPoint.com under "Investor Relations".

Contact:  Laura Wright, VP/Marketing Director, 757.728.1743

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/old-point-financial-corporation-declares-quarterly-dividend-301176495.html

SOURCE Old Point Financial Corporation

FAQ

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

Old Point Financial Corporation declared a dividend of $0.12 per share.

When will the dividend for OPOF be paid?

The dividend will be paid on December 28, 2020.

What is the dividend yield for Old Point Financial Corporation?

The dividend yield is approximately 2.9% based on a closing price of $16.51.

Who is eligible to receive the dividend from OPOF?

Shareholders of record as of December 2, 2020, are eligible to receive the dividend.