Old Point Financial Corporation Announces Quarterly Dividend

Rhea-AI Summary

Old Point Financial (OPOF) has announced a quarterly cash dividend of $0.14 per share on its common stock. The dividend will be paid on September 27, 2024 to shareholders of record as of September 4, 2024. This dividend amount remains unchanged from the previous quarter. Based on the stock's closing price of $18.39 on August 20, 2024, the annual dividend yield is approximately 3.05%. This announcement demonstrates Old Point Financial 's commitment to providing consistent returns to its shareholders, maintaining its dividend policy despite potential economic uncertainties.

Positive

• Consistent quarterly dividend of $0.14 per share maintained
• Annual dividend yield of approximately 3.05% based on current stock price

Negative

• None.

News Market Reaction – OPOF

+2.96%

+2.96% Session move

In the trading session that priced this news, OPOF gained 2.96%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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HAMPTON, Va., Aug. 21, 2024 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on September 27, 2024 to shareholders of record as of September 4, 2024. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $18.39 on August 20, 2024, the annual dividend yield is approximately 3.05%. 

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. 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 Old Point Financial (OPOF) in Q3 2024?

Old Point Financial (OPOF) has declared a quarterly cash dividend of $0.14 per share for Q3 2024.

When will Old Point Financial (OPOF) pay its Q3 2024 dividend?

The Q3 2024 dividend for Old Point Financial (OPOF) will be paid on September 27, 2024.

What is the record date for Old Point Financial 's (OPOF) Q3 2024 dividend?

The record date for Old Point Financial 's (OPOF) Q3 2024 dividend is September 4, 2024.

What is the annual dividend yield for Old Point Financial (OPOF) based on the August 20, 2024 stock price?

Based on the stock's closing price of $18.39 on August 20, 2024, the annual dividend yield for Old Point Financial (OPOF) is approximately 3.05%.