OFS Capital Co. (NASDAQ:OFS) Announces Quarterly Dividend of $0.34

OFS Capital Co. (NASDAQ:OFS) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Stockholders of record on Friday, September 20th will be given 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 15.38%. The ex-dividend date is Friday, September 20th.

OFS Capital has increased its dividend by an average of 15.9% per year over the last three years. OFS Capital has a dividend payout ratio of 146.2% 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 $0.93 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 146.2%.

OFS Capital Stock Performance

OFS opened at $8.84 on Wednesday. The business has a 50 day moving average price of $8.35 and a two-hundred day moving average price of $9.24. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.04 and a quick ratio of 0.04. The company has a market capitalization of $118.44 million, a price-to-earnings ratio of -8.93 and a beta of 1.77. OFS Capital has a 1-year low of $7.75 and a 1-year high of $12.44.

OFS Capital (NASDAQ:OFS) last posted its quarterly earnings data on Thursday, August 1st. The investment management company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.03). OFS Capital had a positive return on equity of 12.04% and a negative net margin of 1.92%. The firm had revenue of $11.17 million during the quarter, compared to the consensus estimate of $11.78 million. During the same period in the prior year, the firm posted $0.38 EPS. Research analysts predict that OFS Capital will post 1.17 EPS for the current fiscal year.

About OFS Capital

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.