OFS Capital Co. Declares Quarterly Dividend of $0.34 (NASDAQ:OFS)

OFS Capital Co. (NASDAQ:OFS) declared a quarterly dividend on Tuesday, October 29th,Zacks Dividends reports. Investors of record on Friday, December 20th will be given a dividend of 0.34 per share by the investment management company on Tuesday, December 31st. This represents a $1.36 dividend on an annualized basis and a yield of 15.35%. The ex-dividend date is Friday, December 20th.

OFS Capital has increased its dividend payment by an average of 15.9% annually over the last three years. OFS Capital has a payout ratio of 140.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect OFS Capital to earn $0.97 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 140.2%.

OFS Capital Stock Up 2.1 %

Shares of OFS Capital stock opened at $8.86 on Wednesday. The company has a market cap of $118.72 million, a P/E ratio of -98.43 and a beta of 1.77. The firm has a fifty day moving average of $8.19 and a two-hundred day moving average of $8.49. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.12 and a current ratio of 0.12. OFS Capital has a one year low of $7.75 and a one year high of $12.41.

OFS Capital (NASDAQ:OFS) last announced its quarterly earnings data on Thursday, October 31st. The investment management company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. OFS Capital had a negative net margin of 2.29% and a positive return on equity of 11.26%. The firm had revenue of $10.92 million during the quarter, compared to the consensus estimate of $10.97 million. During the same quarter last year, the firm earned $0.40 earnings per share. On average, analysts forecast that OFS Capital will post 1.18 earnings per share for the current year.

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.