OFS Credit Company, Inc. (OCCI) to Issue Monthly Dividend of $0.12 on December 31st

by · The Cerbat Gem

OFS Credit Company, Inc. (NASDAQ:OCCI – Get Free Report) declared a monthly dividend on Thursday, October 16th. Shareholders of record on Friday, December 12th will be given a dividend of 0.115 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 27.3%. The ex-dividend date of this dividend is Friday, December 12th.

OFS Credit has a payout ratio of 173.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect OFS Credit to earn $0.86 per share next year, which means the company may not be able to cover its $1.49 annual dividend with an expected future payout ratio of 173.3%.

OFS Credit Stock Performance

NASDAQ OCCI opened at $5.05 on Wednesday. The stock has a market capitalization of $79.53 million, a P/E ratio of 21.04 and a beta of 0.62. OFS Credit has a 52 week low of $4.31 and a 52 week high of $7.58. The stock has a fifty day moving average of $4.95 and a 200-day moving average of $5.61.

OFS Credit (NASDAQ:OCCI – Get Free Report) last posted its quarterly earnings results on Friday, September 12th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.07). The company had revenue of $12.05 million during the quarter, compared to analyst estimates of $12.05 million. Equities research analysts forecast that OFS Credit will post 0.89 earnings per share for the current fiscal year.

OFS Credit Company Profile

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

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