OFS Capital Corporation (OFS) To Go Ex-Dividend on September 18th

OFS Capital Corporation (NASDAQ:OFSGet Free Report) declared a quarterly dividend on Tuesday, July 28th. Stockholders of record on Friday, September 18th will be given a dividend of 0.17 per share by the investment management company on Monday, October 5th. This represents a c) dividend on an annualized basis and a dividend yield of 17.0%. The ex-dividend date is Friday, September 18th.

OFS Capital has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. OFS Capital has a dividend payout ratio of 87.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

OFS Capital Trading Up 2.8%

Shares of OFS opened at $4.00 on Wednesday. The firm has a market capitalization of $53.60 million, a P/E ratio of -2.42 and a beta of 0.84. OFS Capital has a twelve month low of $2.72 and a twelve month high of $8.99. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.33. The stock’s fifty day simple moving average is $3.65 and its 200 day simple moving average is $3.63.

OFS Capital (NASDAQ:OFSGet Free Report) last released its quarterly earnings results on Thursday, July 30th. The investment management company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.06). OFS Capital had a positive return on equity of 7.46% and a negative net margin of 62.24%.The company had revenue of $6.84 million for the quarter, compared to analyst estimates of $7.87 million.

About OFS Capital

(Get Free Report)

OFS Capital Corporation (NASDAQ: OFS) is a business development company (BDC) that provides customized debt and equity financing solutions to U.S. middle-market companies. As an externally managed BDC, OFS Capital focuses on sponsoring capital structures that support growth initiatives, recapitalizations, acquisitions and other strategic transactions. The firm targets companies that demonstrate strong cash flow potential and scalable business models across a range of industries.

The company’s investment portfolio typically includes senior secured loans, unitranche facilities, mezzanine debt and equity co-investments.

See Also

Dividend History for OFS Capital (NASDAQ:OFS)

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