OFS Credit Company, Inc. Common Stock (OCCI) announced the day before yesterday that it is lowering its dividend for next year from $2.2 per year per share to $1.2 per year per share. At the same time, they change the distribution rate from once every three months to every month.
Our holding in the company amounts to approximately 1,400 shares, which means that the dividend reduction makes a clear impression on our forecast for next year.
This year's acquisitions as well as changes in the existing holdings have been a protracted quest to reach the starting value of the 2023 projected dividends when these imploded due to NewtekOne, Inc. Common Stock (NEWT).
Although December is by far the best dividend month of the year for us, I don't think we will be able to repair the damage that OCCI just inflicted on us. The only positive thing is that OCCI announced changes in good time so I had time to adjust all the values in my Google Sheet before the turn of the year.
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