OFS Capital Corporation Plans Quarterly Dividend of $0.17 (NASDAQ:OFS)

OFS Capital Corporation (NASDAQ:OFS) announced a quarterly dividend on Thursday, July 30th. Investors of record on Friday, September 18th will be paid a dividend of 0.17 per share by the investment management company on Monday, October 5th. This represents a c) annualized dividend and a yield of 20.7%. The ex-dividend date is Friday, September 18th.

OFS Capital has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. OFS Capital has a payout ratio of 87.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.

OFS Capital Stock Performance

OFS opened at $3.29 on Friday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.49. The stock’s 50 day moving average price is $3.53 and its two-hundred day moving average price is $3.83. The firm has a market capitalization of $44.09 million, a P/E ratio of -1.18 and a beta of 0.84. OFS Capital has a 12-month low of $2.72 and a 12-month high of $8.99.

OFS Capital (NASDAQ:OFS) last issued its quarterly earnings results on Thursday, July 30th. The investment management company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.06). OFS Capital had a positive return on equity of 8.74% and a negative net margin of 95.15%.The business had revenue of $11.99 million for the quarter, compared to analyst estimates of $7.87 million.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on OFS shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of OFS Capital in a research report on Thursday, June 4th. Wall Street Zen upgraded shares of OFS Capital from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $7.00.

About OFS Capital

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.