OFS Credit Company, Inc. (OCCIN) To Go Ex-Dividend on May 15th

OFS Credit Company, Inc. (NASDAQ:OCCIN) announced a monthly dividend on Friday, January 16th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.1094 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Friday, May 15th.

OFS Credit Price Performance

OCCIN stock opened at $24.71 on Wednesday. The stock’s 50 day simple moving average is $24.64 and its 200 day simple moving average is $24.57. OFS Credit has a 12-month low of $23.85 and a 12-month high of $24.89.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded OFS Credit from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

OFS Credit Company Profile

OFS Credit Company, Inc (NASDAQ: OCCIN) is a non-diversified, closed-end management investment company focused on corporate credit investments. Since its initial public offering in June 2020, the company has sought to provide investors with current income and capital preservation through a diversified portfolio of floating-rate senior secured loans, second-lien financings and other debt instruments issued by middle-market companies in the United States.

The firm’s investment strategy emphasizes privately negotiated loans and structured credit solutions that are typically less accessible via public debt markets.