OFS Capital Co. (OFS) to Issue Quarterly Dividend of $0.34 on September 30th

OFS Capital Co. (NASDAQ:OFS) announced a quarterly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Friday, September 20th will be paid a dividend of 0.34 per share by the investment management company on Monday, September 30th. This represents a $1.36 annualized dividend and a dividend yield of 16.59%. The ex-dividend date is Friday, September 20th.

OFS Capital has increased its dividend by an average of 15.9% annually over the last three years. OFS Capital has a 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. Equities research 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

Shares of OFS stock traded down $0.36 during trading hours on Friday, hitting $8.20. The stock had a trading volume of 120,757 shares, compared to its average volume of 41,805. OFS Capital has a one year low of $8.18 and a one year high of $12.44. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.04 and a quick ratio of 0.04. The stock’s 50-day moving average price is $9.13 and its two-hundred day moving average price is $10.00. The stock has a market capitalization of $109.88 million, a price-to-earnings ratio of -8.28 and a beta of 1.77.

OFS Capital (NASDAQ:OFS) last issued its quarterly earnings data on Thursday, August 1st. The investment management company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.03). OFS Capital had a positive return on equity of 11.92% and a negative net margin of 1.92%. The company had revenue of $11.17 million for the quarter, compared to the consensus estimate of $11.78 million. During the same period in the previous year, the firm earned $0.38 earnings per share. Equities analysts forecast that OFS Capital will post 1.27 EPS for the current year.

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.