OFS Credit Company, Inc. to Issue Monthly Dividend of $0.05 (NASDAQ:OCCI)

OFS Credit Company, Inc. (NASDAQ:OCCI) announced a monthly dividend on Thursday, July 16th. Investors of record on Friday, August 14th will be paid a dividend of 0.05 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 25.8%. The ex-dividend date of this dividend is Friday, August 14th.

OFS Credit has a dividend payout ratio of 136.0% 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 Stock Performance

Shares of OFS Credit stock opened at $2.33 on Friday. OFS Credit has a 52-week low of $2.33 and a 52-week high of $6.28. The stock’s 50-day simple moving average is $2.98 and its 200 day simple moving average is $3.41. The stock has a market capitalization of $68.43 million, a P/E ratio of -1.91 and a beta of 0.71.

OFS Credit (NASDAQ:OCCI) last released its quarterly earnings data on Tuesday, June 9th. The company reported $0.19 EPS for the quarter. The business had revenue of $9.20 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of OFS Credit in the second quarter worth $26,000. StoneX Group Inc. purchased a new position in OFS Credit during the fourth quarter worth about $55,000. Kestra Private Wealth Services LLC purchased a new position in OFS Credit during the third quarter worth about $56,000. Virtu Financial LLC bought a new position in OFS Credit in the 3rd quarter worth about $58,000. Finally, One Capital Management LLC bought a new position in OFS Credit in the 3rd quarter worth about $58,000. Institutional investors own 23.77% of the company’s stock.

About OFS Credit

OFS Credit Company, Inc (NASDAQ: OCCI) is a closed-end, externally managed business development company that primarily invests in senior secured loans to U.S. middle-market companies. As a registered investment company under the Investment Company Act of 1940, OFS Credit seeks to generate current income and capital appreciation by providing first-lien and second-lien debt financing to privately held and sponsor-backed businesses. The company targets borrowers with stable cash flows and defensible market positions across diverse industries, including business services, healthcare, manufacturing and technology.

The company’s investment portfolio is weighted toward floating-rate loan instruments and subordinated debt, complemented by selective equity and equity-related securities.