OFS Credit Company, Inc. (OCCI) To Go Ex-Dividend on June 15th

OFS Credit Company, Inc. (NASDAQ:OCCI) announced a monthly dividend on Thursday, April 16th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.05 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 20.1%. The ex-dividend date of this dividend is Monday, June 15th.

OFS Credit has a dividend payout ratio of 143.0% 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 Down 2.9%

Shares of OFS Credit stock opened at $2.98 on Friday. The business has a 50-day moving average price of $3.19 and a two-hundred day moving average price of $3.80. OFS Credit has a 1-year low of $2.62 and a 1-year high of $6.38. The company has a market cap of $86.69 million, a P/E ratio of -2.44 and a beta of 0.68.

OFS Credit (NASDAQ:OCCI) last issued its quarterly earnings results on Monday, June 15th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.11). The business had revenue of $9.20 million during the quarter, compared to analysts’ expectations of $11.16 million.

OFS Credit Company Profile

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.