OFS Credit Company, Inc. (NASDAQ:OCCI) Declares Monthly Dividend of $0.12

OFS Credit Company, Inc. (NASDAQ:OCCI) declared a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Stockholders of record on Friday, April 18th will be paid a dividend of 0.115 per share on Wednesday, April 30th. This represents a $1.38 dividend on an annualized basis and a dividend yield of 19.60%. The ex-dividend date of this dividend is Thursday, April 17th.

OFS Credit has raised its dividend payment by an average of 32.9% per year over the last three years. OFS Credit has a payout ratio of 69.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect OFS Credit to earn $0.86 per share next year, which means the company may not be able to cover its $1.38 annual dividend with an expected future payout ratio of 160.5%.

OFS Credit Stock Performance

NASDAQ:OCCI opened at $7.04 on Thursday. The stock’s fifty day moving average price is $7.21 and its two-hundred day moving average price is $7.28. The company has a market cap of $110.88 million, a price-to-earnings ratio of 7.82 and a beta of 1.34. OFS Credit has a 52-week low of $6.52 and a 52-week high of $7.81.

OFS Credit (NASDAQ:OCCI) last announced its quarterly earnings data on Wednesday, December 11th. The company reported $0.57 EPS for the quarter. On average, equities analysts predict that OFS Credit will post 0.89 EPS for the current fiscal year.

OFS Credit Company Profile

OFS Credit Company, Inc is a fund of OFS Advisor.