OFS Credit Company, Inc. Declares Monthly Dividend of $0.12 (NASDAQ:OCCI)

Posted by Emily Schoerning on Oct 29th, 2024

OFS Credit Company, Inc. (NASDAQ:OCCI – Get Free Report) announced a monthly dividend on Monday, October 28th, Zacks reports. Investors of record on Tuesday, November 19th will be paid a dividend of 0.115 per share on Friday, November 29th. This represents a $1.38 dividend on an annualized basis and a yield of 19.69%. The ex-dividend date of this dividend is Tuesday, November 19th.

OFS Credit has raised its dividend payment by an average of 52.7% per year over the last three years. OFS Credit has a payout ratio of 127.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

OFS Credit Stock Down 0.3 %

Shares of OFS Credit stock opened at $7.01 on Tuesday. OFS Credit has a fifty-two week low of $5.47 and a fifty-two week high of $7.81. The business’s fifty day moving average is $7.39 and its two-hundred day moving average is $7.34. The firm has a market cap of $110.41 million, a PE ratio of 9.37 and a beta of 1.33.

OFS Credit (NASDAQ:OCCI – Get Free Report) last released its earnings results on Friday, September 13th. The company reported $0.47 earnings per share for the quarter. The business had revenue of $7.45 million for the quarter.

Insider Transactions at OFS Credit

In other OFS Credit news, major shareholder Eagle Point Credit Management sold 1,742 shares of OFS Credit stock in a transaction on Monday, August 19th. The shares were sold at an average price of $24.37, for a total value of $42,452.54. Following the transaction, the insider now owns 15,435 shares in the company, valued at $376,150.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 8,110 shares of company stock worth $196,539 in the last three months. Company insiders own 2.76% of the company’s stock.