OFS Capital Corporation (NASDAQ:OFS) Announces Quarterly Dividend of $0.17

OFS Capital Corporation (NASDAQ:OFSGet Free Report) declared a quarterly dividend on Thursday, April 30th. Investors of record on Friday, June 19th will be paid a dividend of 0.17 per share by the investment management company on Monday, July 6th. This represents a c) dividend on an annualized basis and a dividend yield of 17.0%. The ex-dividend date of this dividend is Thursday, June 18th.

OFS Capital has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 3 consecutive years. OFS Capital has a payout ratio of 87.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

OFS Capital Stock Performance

OFS stock traded down $0.05 during midday trading on Friday, hitting $4.00. The stock had a trading volume of 8,827 shares, compared to its average volume of 93,064. OFS Capital has a 52 week low of $2.72 and a 52 week high of $9.31. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.45. The stock has a 50-day simple moving average of $3.72 and a 200 day simple moving average of $4.68. The firm has a market capitalization of $53.58 million, a price-to-earnings ratio of -1.61 and a beta of 0.86.

OFS Capital (NASDAQ:OFSGet Free Report) last announced its quarterly earnings data on Thursday, April 30th. The investment management company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The business had revenue of $3.57 million during the quarter, compared to analyst estimates of $9.45 million. OFS Capital had a negative net margin of 81.33% and a positive return on equity of 8.75%.

About OFS Capital

(Get Free Report)

OFS Capital Corporation (NASDAQ: OFS) is a business development company (BDC) that provides customized debt and equity financing solutions to U.S. middle-market companies. As an externally managed BDC, OFS Capital focuses on sponsoring capital structures that support growth initiatives, recapitalizations, acquisitions and other strategic transactions. The firm targets companies that demonstrate strong cash flow potential and scalable business models across a range of industries.

The company’s investment portfolio typically includes senior secured loans, unitranche facilities, mezzanine debt and equity co-investments.

See Also

Dividend History for OFS Capital (NASDAQ:OFS)

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