OFS Credit Company, Inc. (OCCI) to Issue Monthly Dividend of $0.05 on October 30th

OFS Credit Company, Inc. (NASDAQ:OCCI) declared a monthly dividend on Monday, August 17th. Stockholders of record on Thursday, October 15th will be given a dividend of 0.05 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 24.0%. The ex-dividend date is Thursday, October 15th.

OFS Credit has a dividend payout ratio of 127.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

OFS Credit Trading Up 1.2%

OCCI opened at $2.50 on Wednesday. The stock has a 50-day moving average price of $2.54 and a 200-day moving average price of $3.02. OFS Credit has a 12-month low of $2.15 and a 12-month high of $6.14. The stock has a market capitalization of $73.42 million, a P/E ratio of -2.05 and a beta of 0.72.

OFS Credit (NASDAQ:OCCI) last posted its earnings results on Tuesday, June 9th. The company reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $9.20 million during the quarter.

Wall Street Analyst Weigh In

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

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.