Old Point Financial's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Old Point Financial (NASDAQ:OPOF) has announced that shareholders as of Monday's session will be eligible for a quarterly dividend of 14 cents per share, with the ex-dividend date being Tuesday. The stock is expected to open 14 cents lower on the ex-dividend date to reflect the payout. The dividend is scheduled to be paid on December 29, 2023.
November 30, 2023 | 2:45 pm
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Old Point Financial will pay a quarterly dividend of 14 cents per share, with the ex-dividend date on Tuesday. The stock is likely to open lower by the dividend amount on that day.
The stock price of Old Point Financial is expected to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence when stocks go ex-dividend and reflects the transfer of value from the company to the shareholders.
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