Oak Ridge Financial Services, Inc. operates as a bank holding company for Bank of Oak Ridge that provides various banking products and services for individuals and businesses. It offers checking, savings, and money market accounts; overdrafts; auto, home equity, mortgage, business term, and business SBA loans; business lines of credit; credit cards; and online and mobile banking products and services. The company also provides health savings accounts, identity theft protection, wealth management, cash management, and remote deposit capture services; and auto, home, small business, renters, life, boat and watercraft, classic car, motorcycle, flood, pet, and umbrella insurance products. It operates through a network of branches in Oak Ridge, Greensboro, and Summerfield, North Carolina. The company was founded in 2000 and is based in Oak Ridge, North Carolina.
Oak Ridge Financial Services Dividend Announcement
• Oak Ridge Financial Services announced a quarterly dividend of $0.12 per ordinary share which will be made payable on 2024-12-03. Ex dividend date: 2024-11-15
• Oak Ridge Financial Services annual dividend for 2024 was $0.46
• Oak Ridge Financial Services annual dividend for 2023 was $0.38
• Oak Ridge Financial Services's trailing twelve-month (TTM) dividend yield is 2.29%
Oak Ridge Financial Services Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-15 | $0.12 | quarterly | 2024-12-03 |
2024-08-19 | $0.12 | quarterly | 2024-09-03 |
2024-05-22 | $0.12 | quarterly | |
2024-02-15 | $0.10 | quarterly | 2024-03-04 |
2023-11-16 | $0.10 | quarterly | 2023-12-04 |
2023-08-17 | $0.10 | quarterly | 2023-09-01 |
2023-05-23 | $0.10 | quarterly | 2023-06-09 |
2023-02-14 | $0.08 | quarterly | 2023-03-03 |
2022-11-17 | $0.08 | quarterly | 2022-12-05 |
2022-08-18 | $0.08 | quarterly | 2022-09-02 |
2022-05-23 | $0.08 | quarterly | 2022-06-09 |
2022-02-15 | $0.07 | quarterly | 2022-03-02 |
2021-11-15 | $0.07 | quarterly | 2021-12-01 |
2021-08-19 | $0.07 | quarterly | 2021-09-03 |
2021-05-24 | $0.07 | quarterly | 2021-06-10 |
2021-02-12 | $0.06 | quarterly | 2021-03-03 |
Oak Ridge Financial Services Dividend per year
Oak Ridge Financial Services Dividend growth
Oak Ridge Financial Services Dividend Yield
Oak Ridge Financial Services current trailing twelve-month (TTM) dividend yield is 2.29%. Interested in purchasing Oak Ridge Financial Services stock? Use our calculator to estimate your expected dividend yield:
Oak Ridge Financial Services Financial Ratios
Oak Ridge Financial Services Dividend FAQ
Other factors to consider when evaluating Oak Ridge Financial Services as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Oak Ridge Financial Services's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Oak Ridge Financial Services publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Oak Ridge Financial Services distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Oak Ridge Financial Services are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Oak Ridge Financial Services sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Oak Ridge Financial Services distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Oak Ridge Financial Services declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Oak Ridge Financial Services's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Oak Ridge Financial Services's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.