$OCCIJul 16, 2026, 4:32 PM ETAI processed
OCCI declares $0.05 August common dividend; preferred payouts set through Jan 2027
AI Summary
OFS Credit Company (NASDAQ: OCCI) said its board declared a $0.05 per-share cash distribution for common stock for August 2026 (record date Aug 14, payment Aug 31) and offers a DRIP at 95% of market price. The board also declared monthly cash distributions for its 5.25% Series E (OCCIN), 7.875% Series F (OCCIM) and 8.00% Series G preferred shares through Jan 31, 2027, noting Series E is mandatorily redeemable Dec 31, 2026.
Positives
- Board declared $0.05 per common share cash distribution for August 2026 (record date Aug 14; pay date Aug 31).
- Dividend Reinvestment Plan (DRIP) available for common shares at a 5% discount (shares issued at 95% of market price on valuation date).
- Monthly cash distributions scheduled for Series E (OCCIN), Series F (OCCIM) and Series G preferred through Jan 31, 2027 with specified per-share amounts.
Negatives
- 5.25% Series E preferred (OCCIN) is mandatorily redeemable on Dec 31, 2026.
- Distribution schedule is only detailed through Jan 31, 2027, limiting forward visibility beyond that date.