OFS Credit Company, Inc. (NASDAQ:OCCI – Get Free Report) announced a monthly dividend on Thursday, April 16th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.05 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 16.1%. The ex-dividend date is Friday, May 15th.
OFS Credit has a dividend payout ratio of 151.2% 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
Shares of OFS Credit stock opened at $3.72 on Wednesday. OFS Credit has a 52-week low of $2.62 and a 52-week high of $6.82. The stock has a market capitalization of $108.21 million, a price-to-earnings ratio of -2.84 and a beta of 0.66. The company has a fifty day moving average of $3.00 and a 200-day moving average of $4.03.
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.
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