OFS Credit Company, Inc. (NASDAQ:OCCI - Get Free Report) announced a monthly dividend on Thursday, January 16th, NASDAQ Dividends reports. Shareholders of record on Friday, March 21st will be given a dividend of 0.115 per share on Monday, March 31st. This represents a $1.38 annualized dividend and a yield of 19.52%. The ex-dividend date of this dividend is Friday, March 21st.
OFS Credit has raised its dividend by an average of 32.5% annually over the last three years. OFS Credit has a dividend payout ratio of 69.0% meaning 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 Trading Down 0.1 %
NASDAQ OCCI traded down $0.01 on Thursday, hitting $7.07. 357,603 shares of the company's stock were exchanged, compared to its average volume of 289,402. The stock has a 50-day moving average of $7.16 and a 200-day moving average of $7.25. OFS Credit has a 52 week low of $6.52 and a 52 week high of $7.81. The stock has a market cap of $111.35 million, a price-to-earnings ratio of 7.86 and a beta of 1.34.
OFS Credit (NASDAQ:OCCI - Get Free Report) last announced its quarterly earnings results on Wednesday, December 11th. The company reported $0.57 EPS for the quarter. As a group, analysts predict that OFS Credit will post 0.89 earnings per share for the current year.
About OFS Credit
(
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OFS Credit Company, Inc is a fund of OFS Advisor.
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