Envirotech Vehicles appoints Jason Maddox to board of directors
LYNCHBURG, VA - Bank of the James Financial Group Inc. (NASDAQ:BOTJ) has declared a quarterly cash dividend of $0.10 per share, as announced in a recent filing with the Securities and Exchange Commission. The dividend, representing an annual yield of 2.88%, is to be disbursed to shareholders of record by June 20, 2025, with the record date set for the close of business on June 6, 2025. According to InvestingPro, the company has maintained dividend payments for 12 consecutive years, with increases in the last four years.
This declaration, made by the Board of Directors on April 15, 2025, represents a continuation of the company’s practice of returning value to its shareholders. Bank of the James Financial Group, based in Lynchburg, Virginia, operates within the state commercial banks sector under the standard industrial classification code 6022. With a market capitalization of $63.15 million and revenue growth of 5.24% over the last twelve months, the bank maintains a solid market presence.
The company’s commitment to shareholder returns is consistent with its financial policies and reflects its ongoing financial performance. Trading at a P/E ratio of 8.45, InvestingPro analysis suggests the stock is currently undervalued, with additional metrics and insights available to subscribers. The forthcoming dividend will be paid from the company’s capital, and the announcement is in line with the company’s historical payout patterns.
Investors and market watchers often view dividend announcements as an indicator of a company’s financial health and management’s confidence in future earnings. The bank’s overall Financial Health Score of "GOOD" from InvestingPro supports this positive outlook. Dividends are also a critical component of total shareholder return, particularly for income-focused investors.
The information in this article is based on a press release statement and provides shareholders and potential investors with the key dates and figures relevant to the upcoming dividend payment. It is important to note that the financial statements and pro forma financial information related to the dividend declaration are not applicable in this context, as per the SEC filing.
Bank of the James Financial Group Inc. has fulfilled its reporting requirements by signing the SEC filing on April 18, 2025, thereby ensuring transparency and adherence to regulatory standards. The company’s secretary-treasurer, J. Todd Scruggs, provided the authorized signature for the filing.
Investors in Bank of the James Financial Group Inc. can now mark their calendars for the dividend record and payment dates, as they look forward to the upcoming distribution.
In other recent news, Bank of the James Financial Group, Inc. reported a decline in both its quarterly and annual net income. The bank’s net income for the fourth quarter was $1.62 million, down from $2.11 million in the same period the previous year, while the annual net income decreased to $7.94 million from $8.70 million year-over-year. Despite these declines, the bank saw a 6% growth in total loans, with commercial real estate loans leading the expansion, and a rise in noninterest income by 18% due to commercial treasury management and gains from residential mortgage sales. The bank also announced a quarterly cash dividend of $0.10 per share, to be paid on March 21, 2025, reflecting its ongoing commitment to shareholders.
Additionally, Bank of the James expanded its deposit-gathering capabilities with new locations in Buchanan and Nellysford, Virginia, contributing to a modest increase in total deposits to $882.40 million. The bank’s asset quality remained strong, with a nonperforming loans to total loans ratio at 0.25%, and stockholders’ equity grew by 8%. The Board of Directors’ decision to declare the dividend was made in a recent 8-K filing with the United States Securities and Exchange Commission. The bank’s CEO noted a positive trend in yields on earning assets, contributing to net interest margin expansion in the latter half of 2024. Despite higher noninterest expenses, including a one-time fee related to a contract negotiation, the bank expects future savings and incentive payments from this contract.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.