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.
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