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) announced a quarterly dividend of 14 cents per share, with the ex-dividend date set for Tuesday. Shareholders owning the stock by the end of Monday are eligible for the payout, which will be distributed on March 29, 2024. The stock is expected to open 14 cents lower on the ex-dividend date.
February 29, 2024 | 2:45 pm
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Old Point Financial announced a quarterly dividend of 14 cents per share, with an ex-dividend date this Tuesday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price by the amount of the dividend on the ex-dividend date, as the stock price adjusts to reflect the payout. In this case, OPOF is expected to open 14 cents lower on the ex-dividend date, directly impacting short-term stock performance.
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