OFS Credit Company, Inc. (NASDAQ:OCCI - Get Free Report) announced a monthly dividend on Tuesday, January 21st,Wall Street Journal reports. Stockholders of record on Friday, April 18th will be given a dividend of 0.115 per share on Wednesday, April 30th. This represents a $1.38 annualized dividend and a dividend yield of 19.35%. The ex-dividend date of this dividend is Thursday, April 17th.
OFS Credit has increased its dividend payment by an average of 32.9% annually over the last three years. OFS Credit has a payout ratio of 69.0% indicating that its dividend is sufficiently covered by earnings. 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%.
Shares of NASDAQ OCCI traded down $0.02 during midday trading on Tuesday, hitting $7.13. The company's stock had a trading volume of 369,353 shares, compared to its average volume of 257,527. OFS Credit has a 1-year low of $6.52 and a 1-year high of $7.81. The firm's fifty day moving average price is $7.21 and its 200-day moving average price is $7.29. The firm has a market cap of $112.30 million, a P/E ratio of 7.92 and a beta of 1.34.
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