Bank of the James (BOTJ) Declares $0.06 Quarterly Dividend; 1.6% Yield

Bank of the James (NASDAQ: BOTJ) declared a quarterly dividend of $0.06 per share, or $0.24 annualized.

The dividend will be payable on December 4, 2018, to stockholders of record on November 30, 2018, with an ex-dividend date of November 29, 2018.

The annual yield on the dividend is 1.6 percent.

Robert R. Chapman III, President and CEO, commented: “We continued to have balanced contributions from commercial and retail lending and banking activities, generating meaningful year-over-year interest income and non-interest income growth. Deposit growth of $47 million year-over-year, specifically an increase core deposits, reflected an ongoing focus on building full banking relationships with clients. Importantly, deposit growth has provided attractively priced financing to fund lending, and contributed to interest expense management and net interest margin improvement.”

For a dividend history and other dividend-related data on Bank of the James (BOTJ) click here.

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