OFS Credit Company, Inc. (NASDAQ:OCCI – Get Free Report) announced a monthly dividend on Monday, October 28th,Zacks Dividends reports. Investors of record on Tuesday, November 19th will be given a dividend of 0.115 per share on Friday, November 29th. This represents a $1.38 dividend on an annualized basis and a yield of 19.25%. The ex-dividend date is Tuesday, November 19th.
OFS Credit has increased its dividend payment by an average of 52.7% per year over the last three years. OFS Credit has a dividend payout ratio of 127.8% 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 Stock Performance
NASDAQ:OCCI opened at $7.17 on Monday. The company has a fifty day moving average of $7.33 and a two-hundred day moving average of $7.34. OFS Credit has a fifty-two week low of $5.89 and a fifty-two week high of $7.81. The stock has a market capitalization of $112.93 million, a PE ratio of 9.56 and a beta of 1.34.
Insider Transactions at OFS Credit
In other news, major shareholder Eagle Point Credit Management sold 1,375 shares of OFS Credit stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $23.52, for a total transaction of $32,340.00. Following the transaction, the insider now owns 31,107 shares in the company, valued at $731,636.64. The trade was a 4.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 3,177 shares of company stock valued at $76,378 over the last 90 days. 2.76% of the stock is currently owned by corporate insiders.
About OFS Credit
OFS Credit Company, Inc is a fund of OFS Advisor.
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