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

OFS Credit Company, Inc. (NASDAQ:OCCI) declared a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Investors of record on Friday, April 18th will be given a dividend of 0.115 per share on Wednesday, April 30th. This represents a $1.38 annualized dividend and a dividend yield of 19.35%. The ex-dividend date is Thursday, April 17th.

OFS Credit has increased its dividend payment by an average of 32.9% per year over the last three years. OFS Credit has a dividend payout ratio of 69.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect OFS Credit to earn $0.86 per share next year, which means the company may not be able to cover its $1.38 annual dividend with an expected future payout ratio of 160.5%.

OFS Credit Stock Performance

OCCI stock opened at $7.13 on Wednesday. The company has a market capitalization of $112.30 million, a PE ratio of 7.92 and a beta of 1.34. OFS Credit has a one year low of $6.52 and a one year high of $7.81. The company’s 50 day moving average price is $7.21 and its two-hundred day moving average price is $7.28.

OFS Credit (NASDAQ:OCCI) last issued its quarterly earnings data on Wednesday, December 11th. The company reported $0.57 earnings per share for the quarter. On average, research analysts predict that OFS Credit will post 0.89 EPS for the current year.

OFS Credit Company Profile

OFS Credit Company, Inc is a fund of OFS Advisor.