Dividend Flows: $0.10 dividends will be a reality for Oconee Federal Financial Corp. (NASDAQ:OFED)’s shareholders on Nov 25, 2016.

Dividend Flows: $0.10 dividends will be a reality for Oconee Federal Financial Corp. (NASDAQ:OFED)'s shareholders on Nov 25, 2016.

Oconee Federal Financial Corp. (NASDAQ:OFED) is expected to pay $0.10 on Nov 25, 2016. The indicated annual dividend is $0.40. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Oconee Federal Financial Corp.’s current price of $22.60, the dividend is 0.44%. This dividend’s record date is Nov 10, 2016 and the announcement date is Oct 31, 2016. The stock decreased 1.09% or $0.25 on November 4, hitting $22.6. Oconee Federal Financial (NASDAQ:OFED) has risen 25.26% since April 5, 2016 and is uptrending. It has outperformed by 23.30% the S&P500.

Oconee Federal Financial Corp. is a stock holding firm for Oconee Federal Savings and Loan Association. The company has a market cap of $132.05 million. Oconee Federal Savings and Loan Association is a federally chartered savings and loan association. It has a 25.03 P/E ratio. 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.

Insitutional Activity: The institutional sentiment decreased to 0.4 in 2016 Q2. Its down 0.93, from 1.33 in 2016Q1. The ratio turned negative, as 4 funds sold all Oconee Federal Financial shares owned while 1 reduced positions. 0 funds bought stakes while 2 increased positions. They now own 101,714 shares or 5.80% less from 107,978 shares in 2016Q1.
The New York-based Arbiter Prtnrs Mgmt Limited Liability Company has invested 0.11% in Oconee Federal Financial (NASDAQ:OFED). Minerva Advsrs Llc holds 22,902 shares or 0.3% of its portfolio. Wellington Mngmt Group Ltd Liability Partnership holds 34,443 shares or 0% of its portfolio. Blackrock Mngmt Limited Liability Corp holds 261 shares or 0% of its portfolio. Blackrock Fund Advsrs holds 0% of its portfolio in Oconee Federal Financial (NASDAQ:OFED) for 212 shares. Tower Cap Ltd (Trc) has invested 0% of its portfolio in Oconee Federal Financial (NASDAQ:OFED).

More important recent Oconee Federal Financial (NASDAQ:OFED) news were published by: Businesswire.com which released: “Oconee Federal Financial Corp. Announces Agreement to Acquire Stephens Federal …” on February 27, 2014, also Seekingalpha.com published article titled: “Oconee Federal Financial – Well Capitalized And Profitable Bank Trading At A …”, Postandcourier.com published: “There’s still SC HELP available” on March 20, 2016. More interesting news about Oconee Federal Financial (NASDAQ:OFED) was released by: Benzinga.com and their article: “Mid-Day Market Update: Dow Down Over 200 Points; Finisar Shares Surge …” with publication date: September 09, 2016.

OFED Company Profile

Oconee Federal Financial Corp. is a stock holding firm 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. The Firm also invests in the United States Government and federal agency securities, mortgage-backed securities and short-term deposits. The Firm has also used borrowed funds as a source of funds. The Firm borrows principally from the Federal Home Loan Bank of Atlanta. The Company’s primary market area consists of the counties where it has offices and the nearby communities and townships in adjacent counties in South Carolina and Georgia.

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