OFS Credit Company, Inc. to Issue Monthly Dividend of $0.12 (NASDAQ:OCCI)

Posted by Donald Scott on Oct 31st, 2024

OFS Credit Company, Inc. (NASDAQ:OCCI – Get Free Report) announced a monthly dividend on Wednesday, October 30th, Wall Street Journal reports. Investors of record on Tuesday, January 21st will be given a dividend of 0.115 per share on Friday, January 31st. This represents a $1.38 dividend on an annualized basis and a yield of 19.63%. The ex-dividend date of this dividend is Tuesday, January 21st.

OFS Credit has increased its dividend payment by an average of 52.7% annually over the last three years. OFS Credit has a dividend payout ratio of 127.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

OFS Credit Price Performance

OFS Credit stock opened at $7.03 on Thursday. The business has a fifty day moving average price of $7.38 and a 200-day moving average price of $7.34. OFS Credit has a 1-year low of $5.47 and a 1-year high of $7.81. The stock has a market capitalization of $110.72 million, a price-to-earnings ratio of 9.37 and a beta of 1.33.

OFS Credit (NASDAQ:OCCI – Get Free Report) last issued its quarterly earnings results on Friday, September 13th. The company reported $0.47 earnings per share (EPS) for the quarter. The company had revenue of $7.45 million for the quarter.

Insider Activity at OFS Credit

In other OFS Credit news, major shareholder Eagle Point Credit Management sold 1,578 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $24.35, for a total transaction of $38,424.30. Following the completion of the transaction, the insider now directly owns 19,204 shares of the company’s stock, valued at approximately $467,617.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 8,110 shares of company stock worth $196,539 over the last quarter. Insiders own 2.76% of the company’s stock.