OFS Credit Company, Inc. (OCCI) To Go Ex-Dividend on November 19th

OFS Credit Company, Inc. (NASDAQ:OCCIGet Free Report) declared a monthly dividend on Monday, October 28th, Zacks reports. Investors of record on Tuesday, November 19th will be paid a dividend of 0.115 per share on Friday, November 29th. This represents a $1.38 annualized dividend and a dividend yield of 19.88%. The ex-dividend date of this dividend is Tuesday, November 19th.

OFS Credit has raised its dividend by an average of 52.7% per year 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 $6.94 on Wednesday. The stock has a market capitalization of $109.30 million, a PE ratio of 9.25 and a beta of 1.33. The business has a 50 day simple moving average of $7.38 and a 200-day simple moving average of $7.34. OFS Credit has a 12 month low of $5.47 and a 12 month high of $7.81.

OFS Credit (NASDAQ:OCCIGet Free Report) last posted its quarterly earnings data on Friday, September 13th. The company reported $0.47 earnings per share for the quarter. The company had revenue of $7.45 million for the quarter.

Insider Buying and Selling

In other news, major shareholder Eagle Point Credit Management sold 1,742 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $24.37, for a total value of $42,452.54. Following the transaction, the insider now owns 15,435 shares in the company, valued at $376,150.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 8,110 shares of company stock worth $196,539. Insiders own 2.76% of the company’s stock.

About OFS Credit

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OFS Credit Company, Inc is a fund of OFS Advisor.

Further Reading

Dividend History for OFS Credit (NASDAQ:OCCI)

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