OFS Credit Company, Inc. (OCCI) to Issue Monthly Dividend of $0.12 on October 31st

OFS Credit Company, Inc. (NASDAQ:OCCI) declared a monthly dividend on Wednesday, July 16th, Wall Street Journal reports. Stockholders of record on Wednesday, October 15th will be given a dividend of 0.115 per share on Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 25.7%. The ex-dividend date is Wednesday, October 15th.

OFS Credit has a payout ratio of 160.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Down 0.9%

OFS Credit stock opened at $5.38 on Monday. The company has a market capitalization of $84.74 million, a PE ratio of 22.42 and a beta of 0.65. OFS Credit has a 12-month low of $5.21 and a 12-month high of $7.58. The firm’s fifty day moving average is $5.73 and its 200 day moving average is $6.09.

OFS Credit (NASDAQ:OCCI) last posted its quarterly earnings results on Friday, September 12th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.07). The business had revenue of $12.05 million for the quarter, compared to analysts’ expectations of $12.05 million. Sell-side analysts expect that OFS Credit will post 0.89 EPS for the current fiscal year.

About OFS Credit

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