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

OFS Credit Company, Inc. (NASDAQ:OCCI) declared a monthly dividend on Thursday, January 16th,NASDAQ Dividends reports. Investors of record on Tuesday, February 18th will be paid a dividend of 0.115 per share on Friday, February 28th. This represents a $1.38 annualized dividend and a dividend yield of 18.93%. The ex-dividend date is Tuesday, February 18th.

OFS Credit has increased its dividend payment by an average of 32.5% annually over the last three years. OFS Credit has a payout ratio of 69.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect OFS Credit to earn $0.86 per share next year, which means the company may not be able to cover its $1.38 annual dividend with an expected future payout ratio of 160.5%.

OFS Credit Stock Performance

Shares of OCCI opened at $7.29 on Friday. The company has a market capitalization of $114.82 million, a price-to-earnings ratio of 8.10 and a beta of 1.34. The company’s 50 day simple moving average is $7.18 and its 200 day simple moving average is $7.26. OFS Credit has a 1 year low of $6.52 and a 1 year high of $7.81.

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

About OFS Credit

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