Old Point Financial Corporation Announces Quarterly Dividend

Rhea-AI Summary

Old Point Financial has announced its quarterly cash dividend of $0.14 per share on common stock. The dividend will be paid on March 28, 2025 to shareholders of record as of March 5, 2025. This dividend payment maintains the same level as the previous quarter. Based on the stock's closing price of $29.73 on February 18, 2025, the dividend represents an annual yield of approximately 1.9%.

Positive

• Maintained quarterly dividend of $0.14 per share, showing stable shareholder returns
• Annual dividend yield of 1.9% provides steady income for investors

Negative

• No dividend increase despite market conditions
• Dividend yield of 1.9% is below industry average for regional banks

News Market Reaction

+0.17%

1 alert

+0.17% News Effect

On the day this news was published, OPOF gained 0.17%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

HAMPTON, Va., Feb. 19, 2025 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.14 per share on its common stock to be paid on March 28, 2025 to shareholders of record as of March 5, 2025. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $29.73 on February 18, 2025, the annual dividend yield is approximately 1.9%. 

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

When is Old Point Financial (OPOF) paying its next dividend?

Old Point Financial will pay its next dividend of $0.14 per share on March 28, 2025.

What is the record date for OPOF's March 2025 dividend?

The record date for OPOF's March 2025 dividend is March 5, 2025.

What is Old Point Financial's (OPOF) current dividend yield?

Based on the February 18, 2025 closing price of $29.73, OPOF's annual dividend yield is approximately 1.9%.

Has OPOF changed its dividend amount in Q1 2025?

No, OPOF maintained its quarterly dividend at $0.14 per share, the same as the previous quarter.

What is OPOF's quarterly dividend payment per share?

OPOF's quarterly dividend payment is $0.14 per share.