Old Point Financial Corporation Declares Quarterly Dividend

On May 20, 2021, Old Point Financial Corporation announced a quarterly cash dividend of $0.12 per share on its common stock.

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Rhea-AI Summary

On May 20, 2021, Old Point Financial Corporation announced a quarterly cash dividend of $0.12 per share on its common stock. The dividend will be paid on June 25, 2021, to shareholders of record as of June 2, 2021. This payout aligns with the previous quarter's dividend, resulting in a dividend yield of approximately 2.1% based on a closing stock price of $22.60 on May 19, 2021.

Positive

Quarterly dividend remains stable at $0.12 per share.
Dividend yield of approximately 2.1% is attractive for investors.

Negative

None.

Argus Session date unavailable

+4.03% session move Open Argus

Details

News Market Reaction – OPOF

The recorded move for OPOF in the trading session of this news was +4.03%.

Data tracked by StockTitan Argus. Session date unavailable.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

05/20/2021 - 01:15 PM EDT

HAMPTON, Va., May 20, 2021 /PRNewswire/ -- Old Point Financial Corporation declared a quarterly cash dividend of $0.12 per share on its common stock to be paid on June 25, 2021 to shareholders of record as of June 2, 2021. The dividend amount is the same as the prior quarter's dividend and based on the stock's closing price of $22.60 on May 19, 2021, the dividend yield is approximately 2.1%.

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-301296335.html

SOURCE Old Point Financial Corporation

FAQ

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

When will Old Point Financial Corporation pay its next dividend?

The next dividend will be paid on June 25, 2021.

What is the amount of the dividend declared by OPOF?

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

What is the dividend yield for OPOF based on the latest closing price?

The dividend yield is approximately 2.1% based on a closing price of $22.60.

Who qualifies for the OPOF dividend payment?

Shareholders of record as of June 2, 2021, will qualify for the dividend payment.

Keep reading

Old Point Financial Corporation Declares Quarterly Dividend