Oconee Federal Financial Corp. Announces Quarterly Dividend

Rhea-AI Summary

Oconee Federal Financial Corp. (OTCQX: OFED) has announced a quarterly cash dividend of $0.10 per share. The dividend will be distributed to stockholders of record as of November 7, 2024, with payment scheduled for November 21, 2024. This announcement comes from the holding company of Oconee Federal Savings and Loan Association.

Positive

• Consistent dividend payment maintained at $0.10 per share
• Company demonstrates ability to return capital to shareholders

Negative

• None.

SENECA, S.C.--(BUSINESS WIRE)-- Oconee Federal Financial Corp. (OTCQX: OFED) (the “Company”), the holding company for Oconee Federal Savings and Loan Association (“Oconee Federal”), announced today that the Board of Directors declared a quarterly cash dividend of $0.10 per share of the Company’s common stock. The dividend will be payable to stockholders of record as of November 7, 2024, and will be paid on or about November 21, 2024.

About Oconee Federal

Oconee Federal Financial Corp. (OTCQX: OFED) is the holding company of Oconee Federal Savings and Loan Association. Oconee Federal Savings and Loan Association is a federally chartered savings and loan association founded in 1924 and headquartered in Seneca, South Carolina. Oconee Federal Savings and Loan Association is a community oriented financial institution operating nine full-service branch locations in Oconee County, South Carolina, Pickens County, South Carolina, Darlington County, South Carolina, Stephens County, Georgia and Rabun County, Georgia.

For financial information, please access our investor information page on our website at www.oconeefederal.com.

Forward-Looking Statements

This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on current expectations, estimates and projections about the Company’s and the Association’s industry, and management’s beliefs and assumptions. Words such as anticipates, expects, intends, plans, believes, estimates and variations of such words and expressions are intended to identify fiscal year forward-looking statements. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to forecast. Therefore, actual results may differ materially from those expressed or forecast in such forward-looking statements. The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241024670867/en/

Investor/Media Contact:

Curtis T. Evatt

President & Chief Executive Officer

Oconee Federal Financial Corp.

201 East North Second Street

Seneca, South Carolina

864-882-2765

Source: Oconee Federal Financial Corp.

FAQ

What is the dividend amount for Oconee Federal Financial Corp. (OFED) in November 2024?

Oconee Federal Financial Corp. (OFED) declared a quarterly cash dividend of $0.10 per share for November 2024.

When is the record date for OFED's Q4 2024 dividend?

The record date for OFED's dividend is November 7, 2024.

When will OFED pay its quarterly dividend announced in 2024?

OFED will pay the quarterly dividend on or about November 21, 2024.

How much is OFED's quarterly dividend per share in 2024?

OFED's quarterly dividend is $0.10 per share.