OFS Credit Company, Inc. (OCCI) To Go Ex-Dividend on July 15th

OFS Credit Company, Inc. (NASDAQ:OCCI) declared a monthly dividend on Thursday, April 16th. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.05 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 22.5%. The ex-dividend date is Wednesday, July 15th.

OFS Credit has a dividend payout ratio of 136.0% 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

OFS Credit stock opened at $2.67 on Monday. OFS Credit has a 12-month low of $2.42 and a 12-month high of $6.29. The stock has a market cap of $78.42 million, a P/E ratio of -2.19 and a beta of 0.71. The company has a 50-day moving average price of $3.04 and a 200 day moving average price of $3.48.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded OFS Credit from a “sell” rating to a “hold” rating in a 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.