Oconee Financial Corporation Announces Annual Dividend

Rhea-AI Summary

Oconee Financial Corporation (OTCQX: OSBK) announced an annual cash dividend of $0.65 per share for 2021, marking an 8.3% increase from last year's $0.60. The dividend is payable on April 5, 2021, to shareholders of record as of March 15, 2021. President and CEO Neil Stevens expressed satisfaction with the increase, highlighting it as a reflection of the company's growth and financial strength. Oconee State Bank, the only locally owned community bank in Oconee County, continues to focus on personalized service and community involvement.

Positive

• Dividend increased by 8.3% from $0.60 to $0.65 per share.
• Demonstrates the company's financial strength and growth.

Negative

• None.

WATKINSVILLE, Ga., March 5, 2021 /PRNewswire/ -- Oconee Financial Corporation ("Oconee") (OTCQX: OSBK)  announced that the company's Board of Directors approved an Annual 2021 common stock cash dividend of $0.65 per share.  This is an 8.3% increase over the previous year dividend of $0.60 per share.

The annual common stock cash dividend is payable April 5, 2021 to shareholders of record as of March 15, 2021.

Neil Stevens, President and CEO of Oconee Financial Corporation noted "we are pleased to announce an increase in our annual dividend from $0.60 per share to $0.65 per share.  The increase in the dividend mirrors our growth and overall financial strength."

About Oconee Financial Corporation

Oconee Financial Corporation is headquartered in Watkinsville, Georgia and operates four full-service branches and one limited service branch.  In February 2021, Oconee State bank celebrated 61 years of service and continues to be the only locally owned and operated community bank headquartered in Oconee County. Oconee State Bank has proudly served the local community, providing an unparalleled commitment to personalized service, innovative products and solutions, and strives to bring exceptional value to our customers through local ownership, involvement and decision-making. We continuously strive to create remarkable experiences that significantly mark the lives of others. 

 

View original content:http://www.prnewswire.com/news-releases/oconee-financial-corporation-announces-annual-dividend-301241704.html

SOURCE Oconee Financial Corporation

FAQ

What is the 2021 dividend amount for OSBK?

Oconee Financial Corporation announced a 2021 dividend of $0.65 per share.

When is the OSBK dividend payable?

The dividend is payable on April 5, 2021.

What was the previous dividend amount for OSBK?

The previous dividend amount was $0.60 per share.

Who is eligible for the OSBK dividend?

Shareholders of record as of March 15, 2021, are eligible for the dividend.

How does the dividend increase reflect OSBK's performance?

The increase of 8.3% indicates the company's growth and overall financial strength.