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

OFS Credit Company, Inc. (NASDAQ:OCCI - Get Free Report) declared a monthly dividend on Friday, April 11th, Wall Street Journal reports. Investors of record on Monday, July 21st will be given a dividend of 0.115 per share on Thursday, July 31st. This represents a $1.38 dividend on an annualized basis and a yield of 20.88%. The ex-dividend date of this dividend is Monday, July 21st.

OFS Credit has raised its dividend by an average of 32.5% annually over the last three years. OFS Credit has a payout ratio of 160.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Up 0.9 %

OCCI stock traded up $0.06 during mid-day trading on Wednesday, reaching $6.61. 363,329 shares of the stock traded hands, compared to its average volume of 271,401. The firm has a market capitalization of $104.10 million, a PE ratio of 7.34 and a beta of 1.01. The business has a 50-day moving average of $6.75 and a two-hundred day moving average of $7.05. OFS Credit has a 52 week low of $5.26 and a 52 week high of $7.81.

OFS Credit (NASDAQ:OCCI - Get Free Report) last announced its earnings results on Friday, March 14th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $10.06 million for the quarter, compared to the consensus estimate of $9.59 million. On average, equities research analysts anticipate that OFS Credit will post 0.89 EPS for the current fiscal year.

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About OFS Credit

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