OFS Credit Company, Inc. (NASDAQ:OCCI) Declares $0.05 Monthly Dividend

OFS Credit Company, Inc. (NASDAQ:OCCI) declared a monthly dividend on Monday, August 17th. Shareholders of record on Thursday, October 15th will be paid a dividend of 0.05 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 24.3%. The ex-dividend date is Thursday, October 15th.

OFS Credit has a payout ratio of 127.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

OFS Credit Stock Performance

Shares of OCCI stock opened at $2.47 on Tuesday. OFS Credit has a fifty-two week low of $2.15 and a fifty-two week high of $6.14. The stock has a 50 day moving average price of $2.56 and a two-hundred day moving average price of $3.03. The company has a market capitalization of $72.55 million, a P/E ratio of -2.02 and a beta of 0.72.

OFS Credit (NASDAQ:OCCI) last released its quarterly earnings data on Tuesday, June 9th. The company reported $0.19 earnings per share for the quarter. The company had revenue of $9.20 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of OFS Credit from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st.

About OFS Credit

OFS Credit Company, Inc (NASDAQ: OCCI) is a closed-end, externally managed business development company that primarily invests in senior secured loans to U.S. middle-market companies. As a registered investment company under the Investment Company Act of 1940, OFS Credit seeks to generate current income and capital appreciation by providing first-lien and second-lien debt financing to privately held and sponsor-backed businesses. The company targets borrowers with stable cash flows and defensible market positions across diverse industries, including business services, healthcare, manufacturing and technology.

The company’s investment portfolio is weighted toward floating-rate loan instruments and subordinated debt, complemented by selective equity and equity-related securities.