OFS Credit Company, Inc. Plans Monthly Dividend of $0.11 (NASDAQ:OCCIN)

OFS Credit Company, Inc. (NASDAQ:OCCIN) declared a monthly dividend on Friday, January 16th. Stockholders of record on Wednesday, April 15th will be given a dividend of 0.1094 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, April 15th.

OFS Credit Trading Down 0.2%

OFS Credit stock opened at $24.58 on Monday. The stock has a 50 day moving average of $24.62 and a 200-day moving average of $24.53. OFS Credit has a 52 week low of $23.50 and a 52 week high of $24.88.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut OFS Credit from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

OFS Credit Company Profile

OFS Credit Company, Inc (NASDAQ: OCCIN) is a non-diversified, closed-end management investment company focused on corporate credit investments. Since its initial public offering in June 2020, the company has sought to provide investors with current income and capital preservation through a diversified portfolio of floating-rate senior secured loans, second-lien financings and other debt instruments issued by middle-market companies in the United States.

The firm’s investment strategy emphasizes privately negotiated loans and structured credit solutions that are typically less accessible via public debt markets.