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

OFS Capital Co. (NASDAQ:OFS) declared a quarterly dividend on Thursday, October 31st, Zacks reports. Investors of record on Friday, December 20th will be paid a dividend of 0.34 per share by the investment management company on Tuesday, December 31st. This represents a $1.36 dividend on an annualized basis and a yield of 16.85%. The ex-dividend date is Friday, December 20th.

OFS Capital has increased its dividend payment by an average of 15.9% per year over the last three years. OFS Capital has a dividend payout ratio of 146.2% indicating that 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 Capital to earn $0.93 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 146.2%.

OFS Capital Trading Down 0.4 %

NASDAQ:OFS opened at $8.07 on Friday. The stock has a market cap of $108.14 million, a P/E ratio of -115.27 and a beta of 1.78. OFS Capital has a 1 year low of $7.75 and a 1 year high of $12.41. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.04 and a current ratio of 0.04. The stock has a 50-day simple moving average of $8.27 and a 200-day simple moving average of $8.81.

OFS Capital (NASDAQ:OFS) last issued its earnings results on Thursday, August 1st. The investment management company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.03). The company had revenue of $11.17 million during the quarter, compared to analyst estimates of $11.78 million. OFS Capital had a negative net margin of 1.92% and a positive return on equity of 12.04%. During the same quarter in the previous year, the company posted $0.38 EPS. As a group, analysts anticipate that OFS Capital will post 1.17 earnings per share for the current fiscal year.

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.