OFS Capital Corp (NASDAQ:OFS) announced a quarterly dividend on Tuesday, July 30th, NASDAQ reports. Investors of record on Monday, September 23rd will be paid a dividend of 0.34 per share by the investment management company on Monday, September 30th. This represents a $1.36 dividend on an annualized basis and a yield of 11.38%. The ex-dividend date is Friday, September 20th.

OFS Capital has a payout ratio of 103.8% 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 Capital to earn $1.44 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 94.4%.

Shares of OFS traded up $0.05 during midday trading on Wednesday, hitting $11.95. 300 shares of the company traded hands, compared to its average volume of 38,226. The stock has a 50-day moving average of $11.33 and a 200-day moving average of $11.92. OFS Capital has a one year low of $9.53 and a one year high of $12.81. The firm has a market cap of $159.50 million, a P/E ratio of 8.66 and a beta of 0.63. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.16 and a quick ratio of 0.16.

OFS Capital (NASDAQ:OFS) last announced its quarterly earnings results on Friday, August 2nd. The investment management company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. OFS Capital had a return on equity of 11.16% and a net margin of 16.74%. The firm had revenue of $12.90 million for the quarter, compared to analysts’ expectations of $12.40 million. Sell-side analysts forecast that OFS Capital will post 1.44 EPS for the current fiscal year.

Several brokerages have recently commented on OFS. ValuEngine lowered OFS Capital from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. LADENBURG THALM/SH SH raised OFS Capital from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating and two have given a buy rating to the stock. OFS Capital presently has a consensus rating of “Hold” and a consensus price target of $13.67.

OFS Capital Company Profile

OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It does not invest in operational turnarounds or start-up businesses. For direct, it specializes in debt and structured equity investments, recapitalizations and refinancing, management and leveraged buyouts, acquisition financings, shareholder liquidity events, growth capital, independent sponsor transactions, ESOPs, and minority investments in the lower middle market companies.

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Dividend History for OFS Capital (NASDAQ:OFS)

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