Oconee Federal Financial (OFED) to Issue $0.10 Quarterly Dividend

Oconee Federal Financial (NASDAQ:OFED) declared a quarterly dividend on Thursday, January 25th, NASDAQ reports. Shareholders of record on Thursday, February 8th will be paid a dividend of 0.10 per share by the savings and loans company on Thursday, February 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Wednesday, February 7th.

Oconee Federal Financial (NASDAQ:OFED) opened at $28.70 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $164.05 and a price-to-earnings ratio of 30.32. Oconee Federal Financial has a fifty-two week low of $22.00 and a fifty-two week high of $30.49.

An institutional investor recently bought a new position in Oconee Federal Financial stock. Northern Trust Corp acquired a new stake in Oconee Federal Financial (NASDAQ:OFED) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,911 shares of the savings and loans company’s stock, valued at approximately $273,000. Northern Trust Corp owned approximately 0.17% of Oconee Federal Financial as of its most recent filing with the Securities and Exchange Commission. 3.98% of the stock is currently owned by institutional investors and hedge funds.

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Oconee Federal Financial 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.

Dividend History for Oconee Federal Financial (NASDAQ:OFED)

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