OFS Credit Company, Inc. (NASDAQ:OCCI) Plans Monthly Dividend of $0.05

OFS Credit Company, Inc. (NASDAQ:OCCI) declared a monthly dividend on Thursday, April 16th. Investors 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 yield of 20.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

OFS Credit has a payout ratio of 158.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect OFS Credit to earn $0.86 per share next year, which means the company may not be able to cover its $1.36 annual dividend with an expected future payout ratio of 158.1%.

OFS Credit Stock Down 0.3%

Shares of OCCI stock opened at $2.97 on Friday. OFS Credit has a 12 month low of $2.62 and a 12 month high of $6.82. The business’s 50 day moving average is $3.13 and its two-hundred day moving average is $4.28. The company has a market cap of $86.40 million, a PE ratio of -2.27 and a beta of 0.61.

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.