OFS Credit Company, Inc. (NASDAQ:OCCI – Get Free Report) declared a monthly dividend on Tuesday, October 29th, Wall Street Journal reports. Stockholders of record on Friday, December 20th will be given a dividend of 0.115 per share on Tuesday, December 31st. This represents a $1.38 annualized dividend and a dividend yield of 19.91%. The ex-dividend date of this dividend is Friday, December 20th.
OFS Credit has increased its dividend 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 Trading Down 0.1 %
Shares of NASDAQ OCCI traded down $0.01 during midday trading on Wednesday, reaching $6.93. The company’s stock had a trading volume of 70,880 shares, compared to its average volume of 182,198. The company has a market cap of $109.14 million, a price-to-earnings ratio of 9.25 and a beta of 1.33. OFS Credit has a one year low of $5.47 and a one year high of $7.81. The company has a 50 day moving average price of $7.38 and a 200 day moving average price of $7.34.
Insider Activity at OFS Credit
In other news, major shareholder Eagle Point Credit Management sold 1,375 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $23.52, for a total transaction of $32,340.00. Following the sale, the insider now owns 31,107 shares in the company, valued at $731,636.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 8,110 shares of company stock worth $196,539 in the last quarter. 2.76% of the stock is owned by company insiders.
OFS Credit Company Profile
OFS Credit Company, Inc is a fund of OFS Advisor.
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