OFS Credit Company, Inc. (OCCI) to Issue Monthly Dividend of $0.05 on September 30th

OFS Credit Company, Inc. (NASDAQ:OCCI) announced a monthly dividend on Monday, August 17th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.05 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 24.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

OFS Credit has a dividend 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 $2.50 on Wednesday. OFS Credit has a 52-week low of $2.15 and a 52-week high of $6.14. The company has a market capitalization of $73.42 million, a PE ratio of -2.05 and a beta of 0.72. The business’s fifty day moving average is $2.54 and its 200 day moving average is $3.02.

OFS Credit (NASDAQ:OCCI) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $0.19 EPS for the quarter. The business had revenue of $9.20 million for the quarter.

Analyst Ratings Changes

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

OFS Credit Company Profile

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.