OFS Credit Company, Inc. (NASDAQ:OCCI – Get Free Report) declared a monthly dividend on Wednesday, October 30th, Wall Street Journal reports. Investors of record on Tuesday, January 21st will be paid a dividend of 0.115 per share on Friday, January 31st. This represents a $1.38 annualized dividend and a yield of 19.63%. The ex-dividend date is Tuesday, January 21st.
OFS Credit has raised its dividend by an average of 52.7% annually over the last three years. OFS Credit has a dividend payout ratio of 127.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
OFS Credit Stock Up 1.3 %
Shares of NASDAQ OCCI opened at $7.03 on Thursday. OFS Credit has a twelve month low of $5.47 and a twelve month high of $7.81. The business has a fifty day simple moving average of $7.38 and a two-hundred day simple moving average of $7.34. The firm has a market cap of $110.72 million, a PE ratio of 9.37 and a beta of 1.33.
Insider Transactions at OFS Credit
In related news, major shareholder Eagle Point Credit Management sold 1,742 shares of OFS Credit stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $24.37, for a total transaction of $42,452.54. Following the transaction, the insider now directly owns 15,435 shares of the company’s stock, valued at $376,150.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders sold 8,110 shares of company stock valued at $196,539. Company insiders own 2.76% of the company’s stock.
About OFS Credit
OFS Credit Company, Inc is a fund of OFS Advisor.
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