OFS Credit Company, Inc. (OCCI) To Go Ex-Dividend on September 15th

OFS Credit Company, Inc. (NASDAQ:OCCI – Get Free Report) announced a monthly dividend on Monday, August 17th. Investors of record on Tuesday, September 15th will be given a dividend of 0.05 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 22.9%. The ex-dividend date is Tuesday, September 15th.

OFS Credit has a payout ratio of 107.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

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OFS Credit Price Performance

Shares of OCCI opened at $2.62 on Friday. The firm has a market cap of $76.95 million, a P/E ratio of -2.15 and a beta of 0.72. The stock has a 50 day simple moving average of $2.53 and a two-hundred day simple moving average of $2.84. OFS Credit has a 1 year low of $2.15 and a 1 year high of $6.14.

OFS Credit (NASDAQ:OCCI – Get Free Report) last issued its quarterly earnings results on Monday, June 22nd. The company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $9.20 million for the quarter, compared to the consensus estimate of $9.20 million.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of OFS Credit from a “sell” rating to a “hold” rating in a research report on Sunday, June 21st.

View Our Latest Research Report on OCCI

OFS Credit Company Profile

(Get Free Report)

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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