Old Point Financial Corporation Declares Quarterly Dividend

Old Point Financial Corporation has declared a quarterly cash dividend of $0.12 per share on its common stock, payable on September 25, 2020.

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Rhea-AI Summary

Old Point Financial Corporation has declared a quarterly cash dividend of $0.12 per share on its common stock, payable on September 25, 2020. Shareholders of record as of September 2, 2020 will receive this dividend. This amount mirrors the previous quarter's dividend, resulting in an estimated dividend yield of approximately 3.0% based on the stock's closing price of $16.09 on August 19, 2020.

Positive

Quarterly cash dividend declared at $0.12 per share.
Dividend yield of approximately 3.0% indicates a steady income for shareholders.

Negative

None.

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-3.45% session move Open Argus

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News Market Reaction – OPOF

The recorded move for OPOF in the trading session of this news was -3.45%.

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08/20/2020 - 11:10 AM EDT

HAMPTON, Va., Aug. 20, 2020 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.12 per share on its common stock to be paid on September 25, 2020 to shareholders of record as of September 2, 2020. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $16.09 on August 19, 2020, the dividend yield is approximately 3.0%.

ABOUT OLD POINT FINANCIAL CORPORATION
Old Point Financial Corporation (Nasdaq: OPOF) is the parent company of Old Point National Bank, a locally owned and managed community bank, and Old Point Trust & Financial Services, N.A., a wealth management services provider, serving the Hampton Roads, Virginia region. Additional information on the Company is available at www.OldPoint.com under "Investor Relations".

Contact: Laura Wright, VP/Marketing Director, 757.728.1743

View original content to download multimedia:http://www.prnewswire.com/news-releases/old-point-financial-corporation-declares-quarterly-dividend-301115801.html

SOURCE Old Point Financial Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by Old Point Financial Corporation?

Old Point Financial Corporation declared a quarterly cash dividend of $0.12 per share.

When will the dividend be paid to shareholders of Old Point Financial Corporation?

The dividend will be paid on September 25, 2020.

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

The record date for the dividend payment is September 2, 2020.

What is the dividend yield based on the recent stock price of OPOF?

The estimated dividend yield is approximately 3.0% based on a stock price of $16.09.

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Old Point Financial Corporation Declares Quarterly Dividend