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Oconee Federal Financial Corp. Announces Quarterly Dividend
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(Low)
Rhea-AI Sentiment
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dividends
Rhea-AI Summary
Oconee Federal Financial Corp. (OTCQX: OFED) declares a quarterly cash dividend of $0.10 per share of common stock.
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Oconee Federal Financial Corp. declares a quarterly cash dividend of $0.10 per share of common stock.
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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 9, 2023, and will be paid on or about November 22, 2023.
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 eight full-service branch locations in Oconee County, South Carolina, Pickens 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.
oconee federal savings and loan association is a federally chartered savings and loan association headquartered in seneca, south carolina. oconee federal savings and loan association was originally chartered by the state of south carolina in 1924 as seneca building and loan association. in 1958, it changed its name to “oconee savings and loan association” and in 1991 it converted to a federal charter under the name “oconee federal savings and loan association.” oconee federal financial corp. is a federally-chartered corporation that was incorporated in january, 2011 to be the mid-tier stock holding company for oconee federal savings and loan association in connection with the mutual-to-stock conversion of oconee federal savings and loan association. our principal business consists of attracting retail deposits from the general public in our market area and investing those deposits, together with funds generated from operations, in one‐ to four‐family residential mortgage loans and, to