OFS Credit Company, Inc. (OCCI) To Go Ex-Dividend on April 17th

OFS Credit Company, Inc. (NASDAQ:OCCI) declared a monthly dividend on Wednesday, January 22nd,Wall Street Journal reports. Stockholders of record on Friday, April 18th will be paid a dividend of 0.115 per share on Wednesday, April 30th. This represents a $1.38 annualized dividend and a dividend yield of 19.57%. The ex-dividend date is Thursday, April 17th.

OFS Credit has increased its dividend payment by an average of 32.9% annually over the last three years. OFS Credit has a dividend payout ratio of 69.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect OFS Credit to earn $0.86 per share next year, which means the company may not be able to cover its $1.38 annual dividend with an expected future payout ratio of 160.5%.

OFS Credit Stock Up 0.1 %

Shares of NASDAQ OCCI opened at $7.05 on Friday. The stock has a market capitalization of $111.04 million, a P/E ratio of 7.83 and a beta of 1.34. The stock’s 50 day moving average price is $7.21 and its two-hundred day moving average price is $7.28. OFS Credit has a 52-week low of $6.52 and a 52-week high of $7.81.

OFS Credit (NASDAQ:OCCI) last announced its quarterly earnings data on Wednesday, December 11th. The company reported $0.57 earnings per share (EPS) for the quarter. On average, analysts anticipate that OFS Credit will post 0.89 EPS for the current year.

OFS Credit Company Profile

OFS Credit Company, Inc is a fund of OFS Advisor.