OFS Credit Company, Inc. (NASDAQ:OCCI - Get Free Report) declared a dividend on Thursday, April 3rd, NASDAQ Dividends reports. Investors of record on Friday, June 20th will be paid a dividend of 0.115 per share on Monday, June 30th. The ex-dividend date of this dividend is Friday, June 20th.
OFS Credit has increased its dividend payment by an average of 32.5% annually over the last three years. OFS Credit has a dividend payout ratio of 160.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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
OCCI traded down $0.02 during mid-day trading on Friday, reaching $6.00. 154,187 shares of the stock were exchanged, compared to its average volume of 348,505. OFS Credit has a 1 year low of $5.26 and a 1 year high of $7.81. The stock has a market capitalization of $94.49 million, a PE ratio of 6.66 and a beta of 0.84. The company has a 50 day moving average price of $6.48 and a two-hundred day moving average price of $6.92.
OFS Credit (NASDAQ:OCCI - Get Free Report) last issued its quarterly earnings results on Friday, March 14th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. The firm had revenue of $10.06 million for the quarter, compared to analysts' expectations of $9.59 million. Sell-side analysts expect that OFS Credit will post 0.89 EPS for the current fiscal year.
Hedge Funds Weigh In On OFS Credit
A hedge fund recently bought a new stake in OFS Credit stock. Jane Street Group LLC acquired a new position in OFS Credit Company, Inc. (NASDAQ:OCCI - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 62,853 shares of the company's stock, valued at approximately $385,000. Jane Street Group LLC owned about 0.40% of OFS Credit at the end of the most recent quarter. Hedge funds and other institutional investors own 23.77% of the company's stock.
About OFS Credit
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OFS Credit Company, Inc is a fund of OFS Advisor.
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