OFS Credit Company, Inc. (NASDAQ:OCCI - Get Free Report) announced a dividend on Thursday, April 3rd, NASDAQ Dividends reports. Investors of record on Tuesday, May 20th will be given a dividend of 0.115 per share on Friday, May 30th. The ex-dividend date is Tuesday, May 20th.
OFS Credit has raised its dividend by an average of 32.5% annually over the last three years. OFS Credit has a 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. 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 $6.80 on Friday. The stock's fifty day moving average is $6.53 and its 200 day moving average is $6.94. OFS Credit has a fifty-two week low of $5.26 and a fifty-two week high of $7.81. The firm has a market capitalization of $107.09 million, a PE ratio of 7.56 and a beta of 0.84.
OFS Credit (NASDAQ:OCCI - Get Free Report) last released its quarterly earnings results on Friday, March 14th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $10.06 million for the quarter, compared to analysts' expectations of $9.59 million. Equities analysts forecast that OFS Credit will post 0.89 EPS for the current year.
Hedge Funds Weigh In On OFS Credit
An institutional investor recently raised its position in OFS Credit stock. NewEdge Advisors LLC raised its holdings in OFS Credit Company, Inc. (NASDAQ:OCCI - Free Report) by 21.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,696 shares of the company's stock after acquiring an additional 3,138 shares during the quarter. NewEdge Advisors LLC owned approximately 0.11% of OFS Credit worth $108,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 23.77% of the company's stock.
OFS Credit Company Profile
(
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OFS Credit Company, Inc is a fund of OFS Advisor.
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