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

OFS Credit Company, Inc. (NASDAQ:OCCI) declared a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Investors of record on Friday, April 18th will be paid a dividend of 0.115 per share on Wednesday, April 30th. This represents a $1.38 dividend on an annualized basis and a yield of 19.35%. The ex-dividend date of this dividend is Thursday, April 17th.

OFS Credit has increased its dividend payment by an average of 32.9% 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 research 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 Price Performance

OCCI stock opened at $7.13 on Wednesday. OFS Credit has a fifty-two week low of $6.52 and a fifty-two week high of $7.81. The business’s fifty day moving average price is $7.21 and its two-hundred day moving average price is $7.28. The stock has a market capitalization of $112.30 million, a price-to-earnings ratio of 7.92 and a beta of 1.34.

OFS Credit (NASDAQ:OCCI) last posted its quarterly earnings results on Wednesday, December 11th. The company reported $0.57 EPS for the quarter. Research analysts expect that OFS Credit will post 0.89 EPS for the current year.

About OFS Credit

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