Oconee Financial Corporation Announces Increase in Annual Dividend

Staff Report

Thursday, March 2nd, 2023

Oconee Financial Corporation announced that the Company's Board of Directors approved an annual 2023 common stock cash dividend of $0.85 per share.

The annual common stock cash dividend is payable on April 3, 2023 to shareholders of record as of March 15, 2023.

Neil Stevens, President and CEO of Oconee Financial Corporation, noted "we are pleased to announce a 21% increase in our annual dividend from $0.70 per share to $0.85 per share. The increase in the dividend reflects our improvement in earnings for 2022, as well as our overall financial strength."