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 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 19.52%. The ex-dividend date of this dividend is Tuesday, January 21st.
OFS Credit has raised its dividend payment by an average of 52.7% annually over the last three years. OFS Credit has a 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
Shares of OFS Credit stock opened at $7.07 on Friday. OFS Credit has a 12 month low of $5.47 and a 12 month high of $7.81. The business has a 50 day simple moving average of $7.38 and a two-hundred day simple moving average of $7.34. The stock has a market capitalization of $111.35 million, a P/E ratio of 9.43 and a beta of 1.33.
Insider Activity
In other OFS Credit news, major shareholder Eagle Point Credit Management sold 1,578 shares of OFS Credit stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $24.35, for a total transaction of $38,424.30. Following the transaction, the insider now directly owns 19,204 shares of the company’s stock, valued at $467,617.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have sold 7,270 shares of company stock valued at $176,102. 2.76% of the stock is currently owned by insiders.
OFS Credit Company Profile
OFS Credit Company, Inc is a fund of OFS Advisor.
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