OFS Credit Company, Inc. (NASDAQ:OCCI) Announces $0.05 Monthly Dividend

OFS Credit Company, Inc. (NASDAQ:OCCI) announced a monthly dividend on Thursday, April 16th. Investors of record on Friday, May 15th will be paid a dividend of 0.05 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 20.2%. The ex-dividend date is Friday, May 15th.

OFS Credit has a dividend payout ratio of 158.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect OFS Credit to earn $0.86 per share next year, which means the company may not be able to cover its $1.36 annual dividend with an expected future payout ratio of 158.1%.

OFS Credit Trading Down 0.3%

Shares of NASDAQ:OCCI opened at $2.97 on Friday. OFS Credit has a 1 year low of $2.62 and a 1 year high of $6.82. The business has a fifty day simple moving average of $3.13 and a 200 day simple moving average of $4.28. The firm has a market cap of $86.40 million, a price-to-earnings ratio of -2.27 and a beta of 0.61.

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.