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 on its common stock. This dividend is set to be paid on December 30, 2022, to shareholders recorded as of December 7, 2022. The announced dividend maintains the same amount as the previous quarter, yielding approximately 2.2% based on the stock's closing price of $23.78 on November 16, 2022.

Positive

• The quarterly dividend of $0.13 per share indicates a stable return to shareholders.
• The dividend yield of approximately 2.2% reflects healthy cash flow.

Negative

• None.

HAMPTON, Va., Nov. 17, 2022 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.13 per share on its common stock to be paid on December 30, 2022 to shareholders of record as of December 7, 2022. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $23.78 on November 16, 2022, the dividend yield is approximately 2.2%.

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 for OPOF in December 2022?

Old Point Financial Corporation declared a dividend of $0.13 per share.

When will the OPOF dividend be paid?

The dividend will be paid on December 30, 2022.

What is the record date for the dividend payment for OPOF?

The record date is December 7, 2022.

What is the dividend yield for OPOF based on the recent announcement?

The dividend yield is approximately 2.2% based on the closing price of $23.78.