OFS Credit Company, Inc. (OCCI) to Issue Dividend of $0.12 on May 30th

OFS Credit Company, Inc. (NASDAQ:OCCI) declared a dividend on Thursday, April 3rd, NASDAQ Dividends reports. Shareholders of record on Tuesday, May 20th will be paid a dividend of 0.115 per share on Friday, May 30th. The ex-dividend date of this dividend is Tuesday, May 20th.

OFS Credit has raised its dividend payment by an average of 32.5% annually over the last three years. OFS Credit has a payout ratio of 160.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 $6.80 on Friday. The company’s 50-day simple moving average is $6.53 and its 200-day simple moving average is $6.94. The stock has a market capitalization of $107.09 million, a P/E ratio of 7.56 and a beta of 0.84. OFS Credit has a fifty-two week low of $5.26 and a fifty-two week high of $7.81.

OFS Credit (NASDAQ:OCCI) last posted its earnings results on Friday, March 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The business had revenue of $10.06 million for the quarter, compared to analyst estimates of $9.59 million. On average, research analysts forecast that OFS Credit will post 0.89 EPS for the current year.

Institutional Trading of OFS Credit

An institutional investor recently raised its position in OFS Credit stock. NewEdge Advisors LLC boosted its holdings in shares of OFS Credit Company, Inc. (NASDAQ:OCCI) by 21.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,696 shares of the company’s stock after acquiring an additional 3,138 shares during the period. NewEdge Advisors LLC owned 0.11% of OFS Credit worth $108,000 at the end of the most recent reporting period. Institutional investors own 23.77% of the company’s stock.

OFS Credit Company Profile

OFS Credit Company, Inc is a fund of OFS Advisor.