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 March 22, 2019, to stockholders of record on March 8, 2019, with an ex-dividend date of March 7, 2019.

The annual yield on the dividend is 1.7 percent.

Chapman continued: “A highlight of 2018 was the Company’s deposit growth, particularly lower-cost core deposits, which enabled us to fund increased lending activity with internal resources and minimal reliance on higher-cost borrowings. In the coming year, we anticipate establishing several offices in selective locations to enhance our deposit gathering capabilities. During the past several years, our past investments in people, technology and facilities have supported productivity and growth reflected in the Company’s 2018 earnings, providing confidence in our strategy of prudent long-term growth.”

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