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

Posted by Samantha Reynolds on Oct 29th, 2024

OFS Credit Company, Inc. (NASDAQ:OCCI – Get Free Report) announced a monthly dividend on Monday, October 28th, Zacks reports. Investors of record on Tuesday, November 19th will be paid a dividend of 0.115 per share on Friday, November 29th. This represents a $1.38 dividend on an annualized basis and a yield of 19.69%. The ex-dividend date is Tuesday, November 19th.

OFS Credit has increased its dividend payment by an average of 52.7% per year over the last three years. OFS Credit has a payout ratio of 127.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

OFS Credit Trading Down 0.3 %

NASDAQ OCCI opened at $7.01 on Tuesday. The stock has a market capitalization of $110.41 million, a price-to-earnings ratio of 9.37 and a beta of 1.33. The business’s 50 day moving average is $7.39 and its two-hundred day moving average is $7.34. OFS Credit has a 12-month low of $5.47 and a 12-month high of $7.81.

OFS Credit (NASDAQ:OCCI – Get Free Report) last posted its quarterly earnings results on Friday, September 13th. The company reported $0.47 earnings per share for the quarter. The business had revenue of $7.45 million during the quarter.

Insider Transactions at OFS Credit

In related news, major shareholder Eagle Point Credit Management sold 1,375 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $23.52, for a total value of $32,340.00. Following the completion of the sale, the insider now owns 31,107 shares in the company, valued at $731,636.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 8,110 shares of company stock valued at $196,539 in the last ninety days. 2.76% of the stock is currently owned by company insiders.