OFS Credit Company, Inc. (OCCI) to Issue Monthly Dividend of $0.05 on August 31st

OFS Credit Company, Inc. (NASDAQ:OCCI) declared a monthly dividend on Thursday, July 16th. Shareholders of record on Friday, August 14th will be given a dividend of 0.05 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 23.7%. The ex-dividend date is Friday, August 14th.

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 Trading Up 2.8%

Shares of NASDAQ:OCCI opened at $2.53 on Wednesday. The firm’s 50 day moving average is $2.62 and its two-hundred day moving average is $3.10. OFS Credit has a 52 week low of $2.15 and a 52 week high of $6.14. The firm has a market capitalization of $74.31 million, a P/E ratio of -2.07 and a beta of 0.72.

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

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.