Old Point Financial Corporation Declares Quarterly Dividend

Old Point Financial Corporation (Nasdaq: OPOF) has declared a quarterly cash dividend of $0.13 per share on its common stock.

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Rhea-AI Sentiment

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Rhea-AI Summary

Old Point Financial Corporation (Nasdaq: OPOF) has declared a quarterly cash dividend of $0.13 per share on its common stock. This dividend is scheduled for payment on September 30, 2022, to shareholders of record as of September 7, 2022. The declared amount remains consistent with the previous quarter's dividend, reflecting stability in dividend payouts. Based on the stock's closing price of $23.50 on August 16, 2022, the dividend yield is approximately 2.2%.

Positive

Quarterly cash dividend of $0.13 per share, consistent with the prior quarter.
Dividend yield of approximately 2.2%, enhancing shareholder income.

Negative

None.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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08/17/2022 - 02:00 PM EDT

HAMPTON, Va., Aug. 17, 2022 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.13 per share on its common stock to be paid on September 30, 2022 to shareholders of record as of September 7, 2022. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $23.50 on August 16, 2022, the dividend yield is approximately 2.2%.

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

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

What is the dividend amount declared by Old Point Financial Corporation for 2022?

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 September 30, 2022.

What is the record date for the dividend payment for Old Point Financial Corporation?

The record date for the dividend payment is September 7, 2022.

What is the dividend yield based on the latest dividend announcement?

The dividend yield is approximately 2.2%, based on a closing price of $23.50.

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Old Point Financial Corporation Declares Quarterly Dividend