#United States #Dividend #Hampton #Old Point Financial #Hampton Roads

Old Point Financial Corporation's Quarterly Dividend Announcement

Old Point Financial Corporation, based in Hampton, Virginia, has confirmed a quarterly cash dividend of $0.14 per share for its common stock. This payment is scheduled for June 30, 2025, and is accessible to shareholders who are on record as of June 9, 2025. This regular dividend mirrors the amount distributed in the previous quarter.

The recent dividend reflects the company's strong financial standing. As of May 23, 2025, the closing price for Old Point's stock was set at $39.01. With this share price, the annual dividend yield stands at an approximate 1.4%. Such yields are often an attractive proposition for investors looking for steady income through dividends.

Overview of Old Point Financial Corporation

Old Point Financial Corporation (NASDAQ: OPOF) serves as the parent organization for Old Point National Bank and Old Point Wealth Management. The institution operates predominantly in the Hampton Roads and Richmond regions of Virginia, providing a broad spectrum of banking and financial services.

Old Point National Bank

This community bank is locally owned and has been adept at meeting the needs of its customers by providing services that range from checking and insurance products to comprehensive mortgage solutions, as well as commercial lending products tailored for businesses. Its local management team is passionate about fostering community relations and ensuring that customer needs are addressed efficiently and effectively.

Old Point Wealth Management

Positioned as the largest wealth management service provider in Hampton Roads, Old Point Wealth Management prides itself on delivering sophisticated asset management solutions managed by experienced professionals. The institution emphasizes personal service and community involvement, tailoring strategies for clients based on their unique financial goals and circumstances.

A Commitment to the Community

Both branches — banking and wealth management — are deeply integrated into the fabric of their communities, reflecting a commitment not only to profitability but also to social responsibility and community development. This approach ensures that they remain a trusted choice for personal and business financial management in their operational regions.

Future Outlook

As Old Point Financial Corporation progresses, continuing to uphold its robust dividend policy fosters both investor confidence and community trust. The management's focus remains on expanding their offerings while ensuring strong financial performance. As the economy evolves, Old Point is aptly positioned to adapt and respond to the financial needs of its clientele, paving the way for sustained growth.

Additional details can be found by visiting their website at oldpoint.com. Inquiries can be directed to Laura Wright, Vice President and Marketing Director at Old Point, who can be reached at 757.728.1743. With a long-standing tradition of reliability and community stewardship, Old Point Financial Corporation remains a cornerstone in the Virginia banking landscape.

In conclusion, the forthcoming dividend not only reflects the company’s stable earnings potential but also reinforces its commitment to shareholder value and community engagement. Staying attuned to both financial viability and social consciousness, Old Point Financial Corporation positions itself as a forward-thinking entity in the financial sector.