OFS Credit Company Inc (NASDAQ:OCCI) declared a dividend on Thursday, October 10th, Fidelity reports. Shareholders of record on Friday, January 24th will be paid a dividend of 0.17 per share on Friday, January 31st. The ex-dividend date is Thursday, January 23rd.
OFS Credit has a dividend payout ratio of -152.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect OFS Credit to earn $1.89 per share next year, which means the company may not be able to cover its $2.04 annual dividend with an expected future payout ratio of 107.9%.
Shares of OFS Credit stock opened at $17.20 on Tuesday. OFS Credit has a 12-month low of $14.65 and a 12-month high of $19.00. The firm’s 50 day simple moving average is $16.20 and its two-hundred day simple moving average is $16.80.
Separately, Zacks Investment Research upgraded shares of OFS Credit from a “sell” rating to a “hold” rating in a research note on Saturday, January 4th.
About OFS Credit
OFS Credit Company, Inc is a fund of OFS Advisor.
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