Old Point Financial Corporation Announces Quarterly Dividend
Old Point Financial Corporation has announced a quarterly cash dividend of $0.14 per share on its common stock. This payment is scheduled for shareholders of record, providing a financial benefit to those invested in the company.
Dividend Details
This quarterly dividend, the same as the previous quarter, will be paid on December 27, following the record date of December 4. With the stock's closing price at approximately $20.30, investors can expect an annual dividend yield of around 2.76%. This reflects the company's commitment to delivering consistent returns to its shareholders.
Understanding the Company
Old Point Financial Corporation (Nasdaq: OPOF) serves as the parent company for Old Point National Bank and Old Point Wealth Management. It is a prominent financial entity in its community, known for providing a wide array of banking services. From personal checking accounts to comprehensive commercial lending, Old Point National Bank is dedicated to meeting the diverse needs of its customers.
Wealth Management Services
Old Point Wealth Management stands out as the largest provider of wealth management services in the Hampton Roads area. They specialize in local asset management, delivering personalized financial advice tailored to individual client needs. This emphasis on local expertise is key to their operation, making them a valuable partner in the financial journey of their clients.
Community Engagement
The corporation is known for its strong community involvement, aiming to improve the financial literacy and overall wellbeing of the regions it serves. By offering workshops and seminars, Old Point Financial Corporation strives to empower individuals and businesses with the knowledge needed to make informed financial decisions.
Looking Ahead
As Old Point Financial Corporation continues to bolster its dividend offerings, it remains focused on long-term growth strategies and maintaining a strong presence in the financial market. Investors can look forward to updates as the company progresses towards its financial goals.
Frequently Asked Questions
What is the recent quarterly dividend announced by Old Point Financial Corporation?
The recently announced quarterly dividend is $0.14 per share, maintaining the same rate as the previous quarter.
When is the dividend payment scheduled?
The dividend payment is scheduled for December 27 for shareholders of record as of December 4.
What is the approximate annual dividend yield?
The annual dividend yield is approximately 2.76%, based on the stock's closing price.
What services does Old Point National Bank offer?
Old Point National Bank offers a range of services including checking accounts, insurance, mortgage products, and commercial lending.
How does Old Point Wealth Management support its clients?
Old Point Wealth Management provides personalized asset management services, focusing on the specific financial goals of its clients within the Hampton Roads region.
