Oconee Federal Financial Corp. to Issue Quarterly Dividend of $0.10 (OFED)
Oconee Federal Financial Corp. (NASDAQ:OFED) declared a quarterly dividend on Thursday, October 26th, NASDAQ reports. Shareholders of record on Thursday, November 9th will be paid a dividend of 0.10 per share by the savings and loans company on Wednesday, November 22nd. This represents a $0.40 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Wednesday, November 8th.
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An institutional investor recently bought a new position in Oconee Federal Financial Corp. stock. Northern Trust Corp bought a new stake in shares of Oconee Federal Financial Corp. (NASDAQ:OFED) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,911 shares of the savings and loans company’s stock, valued at approximately $273,000. Northern Trust Corp owned about 0.17% of Oconee Federal Financial Corp. at the end of the most recent quarter. Institutional investors own 43.08% of the company’s stock.
Separately, ValuEngine lowered Oconee Federal Financial Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th.
Oconee Federal Financial Corp. Company Profile
Oconee Federal Financial Corp. is a stock holding company for Oconee Federal Savings and Loan Association. Oconee Federal Savings and Loan Association is a federally chartered savings and loan association. The Company’s principal business consists of attracting retail deposits from the public in its market area and investing those deposits, together with funds generated from operations, in one- to four-family residential mortgage loans and, to a lesser extent, nonresidential mortgage, construction and land, agricultural and other loans.
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