Old Point Financial Corporation operates as the bank holding company for The Old Point National Bank of Phoebus that provides consumer, mortgage, and business banking services for individual and commercial customers in Virginia. The company offers deposit products, including interest-bearing transaction accounts, money market deposit accounts, savings accounts, time deposits, and demand deposits. It also provides real estate construction, commercial, and mortgage loans, such as residential 1-4 family mortgages, multi-family and second mortgages, and equity lines of credit; and other loans, as well as cash management services. In addition, the company offers retirement planning, estate planning, financial planning, estate and trust administration, retirement plan administration, tax, and investment management services; and insurance products and wealth management services. It operates 14 branches in the Hampton Roads localities of Hampton, Newport News, Norfolk, Virginia Beach, Chesapeake, Williamsburg/James City County, York County, and Isle of Wight County; a loan production office in Richmond, Virginia; and a mortgage loan origination office in Charlotte, North Carolina. The company was founded in 1922 and is headquartered in Hampton, Virginia.
Old Point Financial Dividend Announcement
• Old Point Financial announced a quarterly dividend of $0.14 per ordinary share which will be made payable on 2024-12-27. Ex dividend date: 2024-12-04
• Old Point Financial annual dividend for 2024 was $0.56
• Old Point Financial annual dividend for 2023 was $0.56
• Old Point Financial's trailing twelve-month (TTM) dividend yield is 2.57%
• Old Point Financial's payout ratio for the trailing twelve months (TTM) is 34.93%
• Old Point Financial's dividend growth over the last five years (2018-2023) was 4.94% year
• Old Point Financial's dividend growth over the last ten years (2013-2023) was 9.79% year
Old Point Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-04 | $0.14 | quarterly | 2024-12-27 |
2024-09-04 | $0.14 | quarterly | 2024-09-27 |
2024-06-05 | $0.14 | quarterly | 2024-06-28 |
2024-03-05 | $0.14 | quarterly | 2024-03-29 |
2023-12-05 | $0.14 | quarterly | 2023-12-29 |
2023-09-05 | $0.14 | quarterly | 2023-09-29 |
2023-06-06 | $0.14 | quarterly | 2023-06-30 |
2023-03-07 | $0.14 | quarterly | 2023-03-31 |
2022-12-06 | $0.13 | quarterly | 2022-12-30 |
2022-09-06 | $0.13 | quarterly | 2022-09-30 |
2022-05-31 | $0.13 | quarterly | 2022-06-24 |
2022-03-01 | $0.13 | quarterly | 2022-03-25 |
2021-11-30 | $0.13 | quarterly | 2021-12-30 |
2021-08-31 | $0.13 | quarterly | 2021-09-24 |
2021-06-01 | $0.12 | quarterly | 2021-06-25 |
2021-03-02 | $0.12 | quarterly | 2021-03-26 |
2020-12-01 | $0.12 | quarterly | 2020-12-28 |
2020-09-01 | $0.12 | quarterly | 2020-09-25 |
2020-06-02 | $0.12 | quarterly | 2020-06-26 |
2020-03-03 | $0.12 | quarterly | 2020-03-27 |
2019-12-02 | $0.12 | quarterly | 2019-12-27 |
2019-08-30 | $0.12 | quarterly | 2019-09-27 |
2019-06-03 | $0.12 | quarterly | 2019-06-28 |
2019-03-04 | $0.12 | quarterly | 2019-03-29 |
2018-12-03 | $0.11 | quarterly | 2018-12-28 |
2018-08-30 | $0.11 | quarterly | 2018-09-28 |
2018-05-30 | $0.11 | quarterly | 2018-06-29 |
2018-02-27 | $0.11 | quarterly | 2018-03-30 |
2017-11-29 | $0.11 | quarterly | 2017-12-29 |
2017-08-29 | $0.11 | quarterly | 2017-09-29 |
2017-05-26 | $0.11 | quarterly | 2017-06-30 |
2017-02-24 | $0.11 | quarterly | 2017-03-31 |
2016-11-28 | $0.10 | quarterly | 2016-12-30 |
2016-08-29 | $0.10 | quarterly | 2016-09-30 |
2016-05-26 | $0.10 | quarterly | 2016-06-30 |
2016-02-25 | $0.10 | quarterly | 2016-03-31 |
2015-11-25 | $0.09 | quarterly | 2015-12-31 |
2015-08-27 | $0.09 | quarterly | 2015-09-30 |
2015-05-27 | $0.08 | quarterly | 2015-06-30 |
2015-02-25 | $0.08 | quarterly | 2015-03-31 |
2014-11-25 | $0.07 | quarterly | 2014-12-31 |
2014-08-27 | $0.07 | quarterly | 2014-09-30 |
2014-05-28 | $0.06 | quarterly | 2014-06-30 |
2014-02-26 | $0.06 | quarterly | 2014-03-31 |
2013-11-26 | $0.06 | quarterly | 2013-12-31 |
2013-08-28 | $0.06 | quarterly | 2013-09-30 |
2013-05-29 | $0.05 | quarterly | 2013-06-28 |
2013-02-26 | $0.05 | quarterly | 2013-03-29 |
Old Point Financial Dividend per year
Old Point Financial Dividend growth
Old Point Financial Dividend Yield
Old Point Financial current trailing twelve-month (TTM) dividend yield is 2.57%. Interested in purchasing Old Point Financial stock? Use our calculator to estimate your expected dividend yield:
Old Point Financial Financial Ratios
Old Point Financial Dividend FAQ
Other factors to consider when evaluating Old Point Financial 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: Old Point Financial'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, Old Point Financial 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, Old Point Financial 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 Old Point Financial 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: Old Point Financial 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, Old Point Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Old Point Financial 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 Old Point Financial'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 Old Point Financial'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.