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Old Point Financial (Old Point Financial) 3-Year Dividend Growth Rate

: 5.30% (As of Dec. 2023)
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Old Point Financial's Dividends per Share for the three months ended in Dec. 2023 was $0.14.

The historical rank and industry rank for Old Point Financial's 3-Year Dividend Growth Rate or its related term are showing as below:

OPOF' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -32.8   Med: 7   Max: 22.5
Current: 5.3

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Old Point Financial was 22.50% per year. The lowest was -32.80% per year. And the median was 7.00% per year.

OPOF's 3-Year Dividend Growth Rate is ranked worse than
58.44% of 782 companies
in the Banks industry
Industry Median: 7.55 vs OPOF: 5.30

During the past 12 months, Old Point Financial's average Dividends Per Share Growth Rate was 7.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Old Point Financial's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.49. As of today, Old Point Financial's Dividend Yield % is 3.79%.

Good Sign:

Old Point Financial Corp stock dividend yield is close to 10-year high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Banks - Regional subindustry, Old Point Financial's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Old Point Financial 3-Year Dividend Growth Rate Distribution

For the Banks industry and Financial Services sector, Old Point Financial's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Old Point Financial's 3-Year Dividend Growth Rate falls into.



Old Point Financial 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Old Point Financial  (NAS:OPOF) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Old Point Financial's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.14/ 0.287
=0.49

During the past 13 years, the highest Dividend Payout Ratio of Old Point Financial was 1.24. The lowest was 0.26. And the median was 0.39.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Old Point Financial Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1402024-03-052024-03-062024-03-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.1402023-12-052023-12-062023-12-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.1402023-09-052023-09-062023-09-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.1402023-06-062023-06-072023-06-30Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Old Point Financial's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.56/14.78
=3.79 %

Current Share Price is $14.78.
Old Point Financial's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.56.

During the past 13 years, the highest Dividend Yield of Old Point Financial was 3.87%. The lowest was 1.25%. And the median was 1.90%.

Good Sign:

Old Point Financial Corp stock dividend yield is close to 10-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Old Point Financial 3-Year Dividend Growth Rate Related Terms>


Old Point Financial (Old Point Financial) Business Description

Traded in Other Exchanges
N/A
Address
101 East Queen Street, Hampton, VA, USA, 23669
Old Point Financial Corp functions in the financial services domain in the United States. As the holding company of The Bank and Trust, it is a nationally chartered trust and wealth management service, provider. Its suite of services includes commercial banking solutions such as loan, deposit and cash management, which are rendered through a chain of branches throughout the country. It operates through segments such as Bank, Wealth and Company.
Executives
Sarah B Golden director PO BOX 3392, HAMPTON VA 23663
Tom B Langley director PO BOX 3392, HAMPTON VA 23663
Michael A Glasser director PO BOX 3392, HAMPTON VA 23663
Joseph R Witt director, other: EVP, Corporate Banking, OPNB PO BOX 3392, HAMPTON VA 23663
Paul M Pickett officer: Chief Financial Officer PO BOX 3392, HAMPTON VA 23663
Elizabeth S Wash director 1104 WORMLEY CREEK DRIVE, YORKTOWN VA 23692
Pl Capital Advisors, Llc 10 percent owner 750 ELEVENTH STREET SOUTH, SUITE 202, NAPLES FL 34102
John Cabot Ishon director PO BOX 3392, HAMPTON VA 23663
Thacker Clark Rebekah Ellen director PO BOX 3392, HAMPTON VA 23663
Adams Stephen Conway director PO BOX 3392, HAMPTON VA 23663
Shuford Robert F Jr other: EVP/CHIEF OPERATING OFFR-OPNB PO BOX 3392, HAMPTON VA 23663
Greene Dr Arthur D director PO BOX 3392, HAMPTON VA 23663
John W Palmer 10 percent owner C/O SECURITY FINANCIAL BANCORP INC, 9321 WICKER AVE, ST JOHN IN 46373
Richard J Lashley 10 percent owner C/O PL CAPITAL, LLC, 47 E. CHICAGO AVE., SUITE 328, NAPERVILLE IL 60540
Kauders A Eric Jr officer: SVP/Trust 101 E QUEEN ST, HAMPTON VA 23669

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