Oconee Federal Financial (OFED) to Issue Quarterly Dividend of $0.10
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 annualized dividend and a yield of 1.39%. The ex-dividend date is Wednesday, February 7th.
Oconee Federal Financial (NASDAQ:OFED) opened at $28.70 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. Oconee Federal Financial has a 1 year low of $22.00 and a 1 year high of $30.49. The firm has a market cap of $164.05 and a PE ratio of 30.53.
A hedge fund recently bought a new stake in Oconee Federal Financial stock. Northern Trust Corp bought a new position in shares of Oconee Federal Financial (NASDAQ:OFED) during the 2nd quarter, according to its most recent 13F filing 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 0.17% of Oconee Federal Financial at the end of the most recent quarter. 3.98% of the stock is currently owned by institutional investors.
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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