OFS Capital Co. (OFS) To Go Ex-Dividend on December 20th

OFS Capital Co. (NASDAQ:OFS) announced a quarterly dividend on Tuesday, October 29th,Zacks Dividends reports. Shareholders of record on Friday, December 20th will be given a dividend of 0.34 per share by the investment management company on Tuesday, December 31st. This represents a $1.36 dividend on an annualized basis and a yield of 15.35%. The ex-dividend date of this dividend is Friday, December 20th.

OFS Capital has raised its dividend payment by an average of 15.9% per year over the last three years. OFS Capital has a payout ratio of 140.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect OFS Capital to earn $0.97 per share next year, which means the company may not be able to cover its $1.36 annual dividend with an expected future payout ratio of 140.2%.

OFS Capital Price Performance

Shares of NASDAQ:OFS opened at $8.86 on Wednesday. OFS Capital has a 12 month low of $7.75 and a 12 month high of $12.41. The firm has a market capitalization of $118.72 million, a P/E ratio of -98.43 and a beta of 1.77. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.12 and a quick ratio of 0.12. The company’s fifty day moving average price is $8.19 and its 200 day moving average price is $8.49.

OFS Capital (NASDAQ:OFS) last issued its quarterly earnings data on Thursday, October 31st. The investment management company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $10.92 million for the quarter, compared to analyst estimates of $10.97 million. OFS Capital had a positive return on equity of 11.26% and a negative net margin of 2.29%. During the same quarter last year, the company posted $0.40 earnings per share. As a group, sell-side analysts predict that OFS Capital will post 1.18 earnings per share for the current fiscal year.

About OFS Capital

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.