OFS Capital Corporation (NASDAQ:OFS – Get Free Report) declared a quarterly dividend on Tuesday, July 28th. Shareholders 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) annualized dividend and a dividend yield of 17.0%. The ex-dividend date is Friday, September 18th.
OFS Capital has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 3 years. OFS Capital has a 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 Stock Up 2.8%
OFS Capital stock opened at $4.00 on Wednesday. The company’s 50-day moving average price is $3.65 and its two-hundred day moving average price is $3.63. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.33. The stock has a market cap 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.
About OFS Capital
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.
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