OFS Credit Company, Inc. (NASDAQ:OCCI – Get Free Report) announced a monthly dividend on Monday, October 28th,Wall Street Journal reports. Stockholders of record on Tuesday, January 21st will be paid a dividend of 0.115 per share on Friday, January 31st. This represents a $1.38 annualized dividend and a dividend yield of 19.01%. The ex-dividend date is Tuesday, January 21st.
OFS Credit has raised its dividend by an average of 32.9% per year over the last three years. OFS Credit has a payout ratio of 69.0% meaning its dividend is sufficiently covered by earnings. 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 1.0 %
Shares of NASDAQ OCCI opened at $7.26 on Friday. The firm’s 50-day moving average price is $7.21 and its 200-day moving average price is $7.28. The firm has a market capitalization of $114.35 million, a P/E ratio of 8.07 and a beta of 1.34. OFS Credit has a 1-year low of $6.52 and a 1-year high of $7.81.
About OFS Credit
OFS Credit Company, Inc is a fund of OFS Advisor.
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