OFS Credit Company, Inc. (OCCI) To Go Ex-Dividend on August 14th

OFS Credit Company, Inc. (NASDAQ:OCCI) announced a monthly dividend on Thursday, July 16th. Stockholders of record on Friday, August 14th will be given a dividend of 0.05 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 26.4%. The ex-dividend date of this dividend is Friday, August 14th.

OFS Credit has a payout ratio of 136.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

OFS Credit Stock Down 2.6%

Shares of OCCI opened at $2.27 on Friday. OFS Credit has a twelve month low of $2.27 and a twelve month high of $6.25. The company has a market capitalization of $66.67 million, a P/E ratio of -1.86 and a beta of 0.71. The firm has a 50 day moving average of $2.95 and a 200 day moving average of $3.41.

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

Analysts Set New Price Targets

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

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.