Oconee Federal Financial (NASDAQ:OFED) Shares Down 0.5% – Here’s What Happened

Oconee Federal Financial Corp. (NASDAQ:OFED) shares dropped 0.5% on Wednesday . The company traded as low as $12.44 and last traded at $12.44. Approximately 200 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 600 shares. The stock had previously closed at $12.50.

Oconee Federal Financial Stock Down 0.5 %

The firm has a market cap of $72.62 million, a price-to-earnings ratio of 9.64 and a beta of 0.29. The business’s 50-day simple moving average is $12.59 and its two-hundred day simple moving average is $13.10.

Oconee Federal Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were paid a $0.10 dividend. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $0.40 dividend on an annualized basis and a yield of 3.22%. Oconee Federal Financial’s dividend payout ratio is currently 31.01%.

Oconee Federal Financial Company Profile

Oconee Federal Financial Corp. operates as a holding company for Oconee Federal Savings and Loan Association that provides various banking products and services in the Oconee and Pickens County areas of northwestern South Carolina, and the northeast area of Georgia in Stephens County and Rabun County.