OFS Credit Company raises monthly dividend by 52.7%, but has a 116.7% dividend payout ratio.

OFS Credit Company raised its monthly dividend to $0.12 per share, a 52.7% annual increase over the past three years. However, the company has a 116.7% dividend payout ratio, meaning it cannot fully cover its dividend with earnings and relies on its balance sheet. OFS Capital Corporation also announced a quarterly dividend of $0.34 per share, with an annualized yield of 16.59%, but has a 124.8% dividend payout ratio, indicating possible reliance on its balance sheet for dividend payments.

August 03, 2024
3 Articles