Oak Ridge Financial Services, Inc. to Pay $0.08 Cash Dividend Soon

Oak Ridge Financial Services, Inc. (OTC: BKOR) stock goes ex-dividend on Thursday, November 17, 2022 ahead of the upcoming cash dividend payment of $0.08 USD per share.

Ex-Dividend Date Explained

To determine whether or not an investor can expect to receive a dividend, they’ll need to look at two important dates – the “record date” or “date of record” and the “ex-dividend date” or “ex-date.” When a company declares a dividend, it sets a record date when you must be on the company’s books as a shareholder to receive the dividend. Once the company sets the record date, the ex-date is set based on stock exchange rules and other factors. The ex-dividend date for stocks is usually set one business day before the record date. If an investor buys a stock on its ex-dividend date or after, they will not receive that next dividend payment. Instead, the seller will receive the dividend. If the investor purchases before the ex-dividend date, they will get the dividend.

About Oak Ridge Financial Services, Inc.

Oak Ridge Financial Services, Inc. operates as a bank holding company for Bank of Oak Ridge that provides various banking products and services for individuals and businesses. It offers checking, savings, and money market accounts; overdrafts; auto, home equity, mortgage, business term, and business SBA loans; business lines of credit; credit cards; and online and mobile banking products and services. The company also provides health savings accounts, identity theft protection, wealth management, cash management, and remote deposit capture services; and auto, home, small business, renters, life, boat and watercraft, classic car, motorcycle, flood, pet, and umbrella insurance products. It operates through a network of branches in Oak Ridge, Greensboro, and Summerfield, North Carolina. The company was founded in 2000 and is based in Oak Ridge, North Carolina.

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