Old Point Financial Corporation Declares Quarterly Dividend

Rhea-AI Summary

Old Point Financial Corporation (Nasdaq: OPOF) has declared a quarterly cash dividend of $0.13 per share, consistent with the previous quarter. The dividends will be paid on June 24, 2022, to shareholders on record as of June 1, 2022. Based on the stock's closing price of $25.17 on May 17, 2022, the dividend yield is approximately 2.1%. This reflects the company’s commitment to returning value to shareholders.

Positive

• Consistent quarterly cash dividend of $0.13 per share demonstrates stable cash flow and shareholder value.
• Dividend yield of approximately 2.1% indicates attractive return potential.

Negative

• None.

HAMPTON, Va., May 18, 2022 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.13 per share on its common stock to be paid on June 24, 2022 to shareholders of record as of June 1, 2022. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $25.17 on May 17, 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 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 (OPOF)?

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

When will the dividend for OPOF be paid?

The dividend will be paid on June 24, 2022.

What is the dividend yield for Old Point Financial Corporation?

The dividend yield is approximately 2.1%, based on a closing stock price of $25.17.

Who qualifies for the dividend payment from Old Point Financial Corporation?

Shareholders of record as of June 1, 2022, will qualify for the dividend payment.