OFS Capital Co. (NASDAQ:OFS – Get Free Report) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Stockholders of record on Tuesday, June 18th will be paid a dividend of 0.34 per share by the investment management company on Friday, June 28th. This represents a $1.36 annualized dividend and a dividend yield of 14.33%. The ex-dividend date is Tuesday, June 18th.
OFS Capital has increased its dividend payment by an average of 15.9% annually over the last three years and has increased its dividend every year for the last 3 years. OFS Capital has a payout ratio of 114.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect OFS Capital to earn $1.22 per share next year, which means the company may not be able to cover its $1.36 annual dividend with an expected future payout ratio of 111.5%.
OFS Capital Stock Down 1.7 %
Shares of OFS Capital stock traded down $0.16 during trading hours on Friday, hitting $9.49. 88,251 shares of the company’s stock traded hands, compared to its average volume of 30,935. The stock has a 50 day simple moving average of $10.08 and a 200-day simple moving average of $10.72. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.78. The company has a market cap of $127.17 million, a PE ratio of -9.59 and a beta of 1.73. OFS Capital has a twelve month low of $9.10 and a twelve month high of $12.44.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of OFS Capital from a “sell” rating to a “hold” rating in a report on Thursday, March 14th.
View Our Latest Stock Analysis on OFS
About OFS Capital
OFS Capital Corporation is a business development company specializing in direct and fund investments as well as add-on acquisitions. It provides flexible capital solutions primarily through debt capital and to a lesser extent, minority equity investments serving the needs of U.S.-based middle-market companies across a broad array of industries.
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