OFS Credit Company, Inc. (NASDAQ:OCCI) to Issue $0.12 Monthly Dividend
OFS Credit Company, Inc. (NASDAQ:OCCI) announced a monthly dividend of $0.115 per share, payable on December 31st to shareholders of record on December 12th. This represents an annualized yield of 28.6%. The company has a high dividend payout ratio of 160.5%, indicating reliance on its balance sheet for dividend payments. Analysts expect earnings of $0.86 per share next year, which may not cover the annual dividend of $1.38. The stock recently traded at $4.82, down $0.31, with a market cap of $75.91 million.
Market Beat·