OFS Credit Company, Inc. (NASDAQ:OCCI) Announces $0.12 Dividend

Posted by Alphonse Anthony on May 18th, 2025

OFS Credit Company, Inc. (NASDAQ:OCCI – Get Free Report) announced a dividend on Thursday, April 3rd, NASDAQ Dividends reports. Investors of record on Tuesday, May 20th will be given a dividend of 0.115 per share on Friday, May 30th. The ex-dividend date is Tuesday, May 20th.

OFS Credit has increased its dividend payment by an average of 32.5% per year over the last three years. OFS Credit has a payout ratio of 160.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect OFS Credit to earn $0.86 per share next year, which means the company may not be able to cover its $1.38 annual dividend with an expected future payout ratio of 160.5%.

OFS Credit Stock Up 2.3%

OCCI stock opened at $6.80 on Friday. OFS Credit has a fifty-two week low of $5.26 and a fifty-two week high of $7.81. The firm’s 50-day simple moving average is $6.53 and its 200 day simple moving average is $6.94. The stock has a market cap of $107.09 million, a PE ratio of 7.56 and a beta of 0.84.

OFS Credit (NASDAQ:OCCI – Get Free Report) last announced its earnings results on Friday, March 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $10.06 million during the quarter, compared to the consensus estimate of $9.59 million. Equities analysts forecast that OFS Credit will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On OFS Credit

A hedge fund recently raised its stake in OFS Credit stock. NewEdge Advisors LLC raised its position in shares of OFS Credit Company, Inc. (NASDAQ:OCCI – Free Report) by 21.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,696 shares of the company’s stock after buying an additional 3,138 shares during the quarter. NewEdge Advisors LLC owned 0.11% of OFS Credit worth $108,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 23.77% of the company’s stock.