Free Trial

OFS Capital Co. (NASDAQ:OFS) Announces $0.34 Quarterly Dividend

OFS Capital logo with Finance background

OFS Capital Co. (NASDAQ:OFS - Get Free Report) declared a quarterly dividend on Thursday, October 31st, Zacks 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 annualized dividend and a yield of 16.85%. The ex-dividend date is Friday, December 20th.

OFS Capital has raised its dividend by an average of 15.9% annually over the last three years. OFS Capital has a payout ratio of 146.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect OFS Capital to earn $0.93 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 146.2%.

OFS Capital Stock Performance

Shares of OFS traded down $0.03 on Friday, reaching $8.07. 84,663 shares of the stock traded hands, compared to its average volume of 33,854. The stock's 50-day moving average price is $8.27 and its 200-day moving average price is $8.81. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.04 and a quick ratio of 0.04. The firm has a market cap of $108.14 million, a price-to-earnings ratio of -89.66 and a beta of 1.78. OFS Capital has a 12 month low of $7.75 and a 12 month high of $12.41.

OFS Capital (NASDAQ:OFS - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.03). OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.19%. The business had revenue of $11.17 million during the quarter, compared to analyst estimates of $11.78 million. During the same quarter in the prior year, the company posted $0.38 EPS. Equities analysts forecast that OFS Capital will post 1.17 EPS for the current fiscal year.

OFS Capital Company Profile

(Get Free Report)

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.

See Also

Dividend History for OFS Capital (NASDAQ:OFS)

Should you invest $1,000 in OFS Capital right now?

Before you consider OFS Capital, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and OFS Capital wasn't on the list.

While OFS Capital currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginners Guide To Retirement Stocks Cover

Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

’Best Report in 2 Years’: NVIDIA Earnings Crushes Expectations Again
Palantir and the NASDAQ 100: What’s the Next Big Stock Swing for This AI Giant?
Rocket Lab Stock Explodes Higher—What’s Next for This Space Pioneer?

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines