Old Point Financial Co. (OPOF) Plans Quarterly Dividend of $0.11

Old Point Financial Co. (NASDAQ:OPOF) declared a quarterly dividend on Tuesday, November 20th, NASDAQ reports. Investors of record on Tuesday, December 4th will be given a dividend of 0.11 per share by the bank on Friday, December 28th. This represents a $0.44 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Monday, December 3rd.

Old Point Financial has raised its dividend payment by an average of 19.2% per year over the last three years and has increased its dividend every year for the last 5 years.

OPOF stock opened at $25.60 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.92 and a current ratio of 0.93. Old Point Financial has a 52 week low of $24.07 and a 52 week high of $32.00. The stock has a market capitalization of $132.70 million, a P/E ratio of 25.86 and a beta of 0.21.

Old Point Financial (NASDAQ:OPOF) last released its quarterly earnings results on Wednesday, October 24th. The bank reported $0.32 EPS for the quarter. Old Point Financial had a net margin of 1.26% and a return on equity of 5.17%. The business had revenue of $11.89 million for the quarter.

Separately, ValuEngine upgraded shares of Old Point Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st.

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About Old Point Financial

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, retail, and commercial customers. The company offers deposit products, including interest-bearing transaction accounts, money market deposit accounts, savings accounts, time deposits, and demand deposits.

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Dividend History for Old Point Financial (NASDAQ:OPOF)

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