OFS Capital Co. (NASDAQ:OFS) Declares Quarterly Dividend of $0.34

OFS Capital Co. (NASDAQ:OFS - Get Free Report) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Shareholders of record on Tuesday, June 18th will be given a dividend of 0.34 per share by the investment management company on Friday, June 28th. This represents a $1.36 annualized dividend and a yield of 14.33%. The ex-dividend date is Tuesday, June 18th.

OFS Capital has increased its dividend payment by an average of 15.9% annually over the last three years and has raised its dividend every year for the last 3 years. OFS Capital has a dividend payout ratio of 114.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect OFS Capital to earn $1.22 per share next year, which means the company may not be able to cover its $1.36 annual dividend with an expected future payout ratio of 111.5%.

OFS Capital Price Performance

Shares of OFS stock traded down $0.16 during trading hours on Friday, reaching $9.49. 88,251 shares of the company were exchanged, compared to its average volume of 30,935. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market cap of $127.17 million, a price-to-earnings ratio of -9.59 and a beta of 1.73. The stock's fifty day moving average is $10.08 and its two-hundred day moving average is $10.72. OFS Capital has a fifty-two week low of $9.10 and a fifty-two week high of $12.44.

OFS Capital (NASDAQ:OFS - Get Free Report) last posted its quarterly earnings data on Tuesday, March 5th. The investment management company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.04). The firm had revenue of $13.48 million for the quarter, compared to analyst estimates of $14.53 million. OFS Capital had a positive return on equity of 12.33% and a negative net margin of 23.41%. During the same period in the prior year, the company posted $0.35 EPS. Sell-side analysts forecast that OFS Capital will post 1.34 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised OFS Capital from a "sell" rating to a "hold" rating in a report on Thursday, March 14th.

OFS Capital Company Profile

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.