OFS Credit Company, Inc. (NASDAQ:OCCI – Get Free Report) announced a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Investors of record on Friday, April 18th will be given a dividend of 0.115 per share on Wednesday, April 30th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 19.35%. The ex-dividend date is Thursday, April 17th.
OFS Credit has increased its dividend by an average of 32.9% annually over the last three years. OFS Credit has a payout ratio of 69.0% indicating that 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 0.3 %
Shares of NASDAQ OCCI traded down $0.02 during midday trading on Tuesday, reaching $7.13. The company’s stock had a trading volume of 369,353 shares, compared to its average volume of 257,527. The company has a 50 day moving average price of $7.21 and a 200 day moving average price of $7.29. OFS Credit has a one year low of $6.52 and a one year high of $7.81. The company has a market cap of $112.30 million, a price-to-earnings ratio of 7.92 and a beta of 1.34.
About OFS Credit
OFS Credit Company, Inc is a fund of OFS Advisor.
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