OFS Credit (OCCIN) Expected to Announce Quarterly Earnings on Friday

OFS Credit (NASDAQ:OCCIN) is projected to release its results before the market opens on Friday, March 6th. Analysts expect OFS Credit to post earnings of $0.36 per share and revenue of $13.6980 million for the quarter.

OFS Credit Stock Down 0.2%

OCCIN opened at $24.58 on Thursday. OFS Credit has a 1 year low of $23.50 and a 1 year high of $24.87. The firm’s fifty day moving average price is $24.63 and its two-hundred day moving average price is $24.48.

OFS Credit Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Wednesday, July 15th will be issued a dividend of $0.1094 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) annualized dividend and a yield of 5.3%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of OFS Credit in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, OFS Credit has an average rating of “Hold”.

About OFS Credit

OFS Credit Company, Inc (NASDAQ: OCCIN) is a non-diversified, closed-end management investment company focused on corporate credit investments. Since its initial public offering in June 2020, the company has sought to provide investors with current income and capital preservation through a diversified portfolio of floating-rate senior secured loans, second-lien financings and other debt instruments issued by middle-market companies in the United States.

The firm’s investment strategy emphasizes privately negotiated loans and structured credit solutions that are typically less accessible via public debt markets.