OFS Credit Company, Inc. (NASDAQ:OCCI) Announces $0.12 Monthly Dividend

OFS Credit Company, Inc. (NASDAQ:OCCI) announced a monthly dividend on Thursday, January 16th,NASDAQ Dividends reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 0.115 per share on Friday, February 28th. This represents a $1.38 dividend on an annualized basis and a yield of 18.93%. The ex-dividend date of this dividend is Tuesday, February 18th.

OFS Credit has increased its dividend by an average of 32.5% annually over the last three years. OFS Credit has a payout ratio of 69.0% meaning its dividend is sufficiently covered by earnings. Equities research 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 Performance

NASDAQ:OCCI opened at $7.29 on Friday. The company has a 50-day moving average of $7.18 and a 200-day moving average of $7.26. The company has a market capitalization of $114.82 million, a price-to-earnings ratio of 8.10 and a beta of 1.34. OFS Credit has a 52 week low of $6.52 and a 52 week high of $7.81.

OFS Credit (NASDAQ:OCCI) last released its quarterly earnings data on Wednesday, December 11th. The company reported $0.57 EPS for the quarter. Sell-side analysts forecast 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.