BOTJ

Ex-Dividend Date and Upcoming Payment: Bank of the James Financial Group will trade ex-dividend on November 21, with a dividend of US$0.10 per share payable on December 5. Investors must purchase shares before the ex-dividend date to qualify for the dividend.

Dividend Sustainability: The company paid out only 23% of its profits in dividends last year, indicating a sustainable dividend policy. This low payout ratio suggests a strong margin for maintaining dividends even during downturns.

Earnings Growth and Dividend Increases: Bank of the James Financial Group has seen an average earnings per share growth of 8.4% over the last five years and has increased its dividend by approximately 8.2% annually over the past decade, reflecting a commitment to rewarding shareholders.

Investment Considerations: While the company appears promising as a dividend stock, potential investors should be aware of associated risks, including one identified warning sign, and consider their own financial objectives before investing.

Leadership Changes: Bank of the James Financial Group announced a transition in executive leadership, with J. Todd Scruggs moving from Chief Financial Officer to Chief Investment Officer, and Eric J. Sorenson, Jr. appointed as the new Chief Financial Officer.

Strategic Goals: The leadership transition aims to enhance oversight and coordination between financial operations and investment strategies, ensuring focused responsibilities and balanced skillsets among the executives.

Experience and Continuity: Both Scruggs and Sorenson bring extensive experience to their new roles, with Scruggs having been CFO since the bank's founding and Sorenson serving as General Counsel for over three years.

Transition Timeline: The changes will take effect on January 1, 2026, with both executives working closely together until then to ensure a smooth transition and minimal disruption to operations.