Oconee Federal announces $0.10 quarterly dividend

SENECA, S.C. - Oconee Federal Financial Corp. (OTCQX: OFED), the parent company of Oconee Federal Savings and Loan Association, has declared a quarterly cash dividend of $0.10 per share, representing a 3.12% annual yield at current prices. The dividend is scheduled for stockholders on record as of May 8, 2025, with payment expected on or around May 22, 2025. According to InvestingPro data, OFED has maintained consistent dividend payments for 15 consecutive years.

The company, founded in 1924 and based in Seneca, South Carolina, operates as a community-focused financial institution with a current market capitalization of $77.68 million. It maintains a presence across multiple counties in South Carolina and Georgia through its eight full-service branches.

This announcement marks a continuation of the company’s commitment to returning value to its shareholders. The declared dividend reflects the company’s financial position, trading at a P/E ratio of 22.38, and its board of directors’ confidence in its ability to generate sufficient earnings. InvestingPro analysis indicates the stock is currently in overbought territory, with additional insights available to subscribers.

Oconee Federal Financial Corp. is known for its long-standing service to the community, offering a range of banking and financial services tailored to the needs of its customers in the local region. The stock has shown strong recent momentum, posting an 8.94% return over the past week.

The company’s forward-looking statements indicate that while they are based on management’s current expectations and beliefs, they carry risks and uncertainties and are not guarantees of future performance. Oconee Federal Financial Corp. notes that it will not publicly update any forward-looking statements, whether as a result of new information or otherwise.

This dividend declaration is based on a press release statement from Oconee Federal Financial Corp. and serves as the latest financial development from the company. Investors and stakeholders are directed to the investor information page on the company’s website for further financial details.

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