Bank of the James Financial Group, Inc. Announces Quarterly Dividend Increase From $0.08 To $0.10 Per Share

On January 16, 2024, the Board of Directors of Bank of the James Financial Group, Inc. (the "Company") (NASDAQ:BOTJ), the parent company of Bank of the James (the "Bank"), a full-service commercial and retail bank, and Pettyjohn, Wood & White, Inc., an SEC-registered investment advisor, declared a cash dividend in the amount of $0.10 per common share. This is an increase of $0.02 per common share, or 25%, from the dividend declared in October 2023. The dividend is payable on March 15, 2024 to shareholders of record at the close of business on March 1, 2024.

 

While the Company intends to declare dividends on a quarterly basis, future declarations of dividends are subject to the approval of the Board of Directors and will depend on the Company's results of operations, financial condition, regulatory requirements, and other factors considered relevant by the Board.