OFS Credit Company, Inc. (OCCI) To Go Ex-Dividend on May 20th

Posted by Stuart Ham 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 paid a dividend of 0.115 per share on Friday, May 30th. The ex-dividend date of this dividend is Tuesday, May 20th.

OFS Credit has raised its dividend by an average of 32.5% annually over the last three years. OFS Credit has a dividend 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. 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%

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

OFS Credit (NASDAQ:OCCI – Get Free Report) last released its quarterly earnings results on Friday, March 14th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $10.06 million for the quarter, compared to the consensus estimate of $9.59 million. As a group, equities analysts anticipate that OFS Credit will post 0.89 EPS for the current year.

Institutional Inflows and Outflows

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