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

OFS Credit Company, Inc. (NASDAQ:OCCI) announced a monthly dividend on Wednesday, January 22nd,Wall Street Journal reports. Shareholders of record on Friday, April 18th will be paid a dividend of 0.115 per share on Wednesday, April 30th. This represents a $1.38 dividend on an annualized basis and a yield of 19.60%. The ex-dividend date is Thursday, April 17th.

OFS Credit has raised its dividend by an average of 32.9% annually 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 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 Down 1.3 %

NASDAQ OCCI opened at $7.04 on Thursday. OFS Credit has a fifty-two week low of $6.52 and a fifty-two week high of $7.81. The business has a fifty day moving average of $7.21 and a 200-day moving average of $7.28. The stock has a market cap of $110.88 million, a price-to-earnings ratio of 7.82 and a beta of 1.34.

OFS Credit (NASDAQ:OCCI) last announced its earnings results on Wednesday, December 11th. The company reported $0.57 earnings per share for the quarter. As a group, analysts anticipate 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.