Old Point Financial Corporation Announces Increase in Quarterly Dividend

(Neutral)

Rhea-AI Summary

Old Point Financial Corporation has announced a quarterly cash dividend of $0.13 per share, marking an 8.3% increase from the previous quarter. The dividend will be paid on September 24, 2021, to shareholders on record as of September 1, 2021. This is also a $0.01 increase from last year’s dividend. Based on the closing price of $21.90 on August 17, 2021, the dividend yield stands at approximately 2.3%.

Positive

Quarterly dividend increased to $0.13 per share, up $0.01 from the previous quarter.
The dividend yield is approximately 2.3%, providing income for shareholders.

Negative

None.

News Market Reaction – OPOF

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-0.01% Session move

In the trading session that priced this news, OPOF declined 0.01%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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08/18/2021 - 09:00 AM

HAMPTON, Va., Aug. 18, 2021 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.13 per share on its common stock to be paid on September 24, 2021 to shareholders of record as of September 1, 2021. This dividend represents a $0.01 per share increase, or 8.3%, from the prior quarter's dividend and is also a $0.01 increase from the prior year's quarterly dividend level. Based on the stock's closing price of $21.90 on August 17, 2021, the dividend yield is approximately 2.3%.

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/old-point-financial-corporation-announces-increase-in-quarterly-dividend-301357513.html

SOURCE Old Point Financial Corporation

FAQ

What is the latest dividend announced by OPOF?

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

When will the OPOF dividend be paid?

The dividend will be paid on September 24, 2021.

What was the dividend increase for OPOF?

The dividend increased by $0.01 per share, or 8.3%, from the previous quarter.

What is the dividend yield for OPOF?

The dividend yield is approximately 2.3% based on the closing price of $21.90.