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

OFS Capital Co. (NASDAQ:OFS) announced a quarterly dividend on Tuesday, April 30th, Zacks reports. Investors of record on Tuesday, June 18th will be given a dividend of 0.34 per share by the investment management company on Friday, June 28th. This represents a $1.36 dividend on an annualized basis and a yield of 13.67%. The ex-dividend date is Tuesday, June 18th.

OFS Capital has increased its dividend payment by an average of 15.9% annually over the last three years. OFS Capital has a dividend payout ratio of 124.8% meaning 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 Capital to earn $1.09 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 124.8%.

OFS Capital Price Performance

OFS opened at $9.95 on Monday. The company has a fifty day simple moving average of $9.70 and a 200 day simple moving average of $10.61. OFS Capital has a twelve month low of $9.33 and a twelve month high of $12.44. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.53.

OFS Capital (NASDAQ:OFS) last released its quarterly earnings results on Thursday, May 2nd. The investment management company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.07. The business had revenue of $14.23 million during the quarter, compared to analyst estimates of $13.10 million. OFS Capital had a negative net margin of 23.41% and a positive return on equity of 12.72%. As a group, sell-side analysts expect that OFS Capital will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of OFS Capital from a “sell” rating to a “hold” rating in a report on Thursday, March 14th.

OFS Capital Company Profile

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.