OFS Capital Corporation (NASDAQ:OFS – Get Free Report) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Friday, June 19th will be paid a dividend of 0.17 per share by the investment management company on Monday, July 6th. This represents a c) dividend on an annualized basis and a dividend yield of 17.0%. The ex-dividend date of this dividend is Thursday, June 18th.
OFS Capital has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 3 years. OFS Capital has a payout ratio of 87.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.
OFS Capital Stock Down 1.3%
Shares of OFS stock traded down $0.05 on Friday, reaching $4.00. 11,755 shares of the company’s stock traded hands, compared to its average volume of 93,065. OFS Capital has a 12-month low of $2.72 and a 12-month high of $9.31. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.02 and a current ratio of 0.02. The company has a market capitalization of $53.58 million, a P/E ratio of -1.62 and a beta of 0.86. The business’s 50 day moving average price is $3.72 and its two-hundred day moving average price is $4.68.
OFS Capital Company Profile
OFS Capital Corporation (NASDAQ: OFS) is a business development company (BDC) that provides customized debt and equity financing solutions to U.S. middle-market companies. As an externally managed BDC, OFS Capital focuses on sponsoring capital structures that support growth initiatives, recapitalizations, acquisitions and other strategic transactions. The firm targets companies that demonstrate strong cash flow potential and scalable business models across a range of industries.
The company’s investment portfolio typically includes senior secured loans, unitranche facilities, mezzanine debt and equity co-investments.
Further Reading
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