OHA Investment Corporation (OHAI) Plans Quarterly Dividend of $0.02

OHA Investment Corporation (NASDAQ:OHAI) announced a quarterly dividend on Wednesday, December 13th, Wall Street Journal reports. Stockholders of record on Sunday, December 31st will be paid a dividend of 0.02 per share by the financial services provider on Tuesday, January 9th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date of this dividend is Thursday, December 28th.

Shares of OHA Investment (NASDAQ:OHAI) traded up $0.02 during mid-day trading on Thursday, hitting $1.23. 71,206 shares of the stock were exchanged, compared to its average volume of 60,258. The company has a market capitalization of $24.61, a price-to-earnings ratio of -0.57 and a beta of 1.10. OHA Investment has a 52-week low of $0.85 and a 52-week high of $1.95.

OHA Investment (NASDAQ:OHAI) last announced its earnings results on Monday, November 13th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter. OHA Investment had a negative net margin of 370.86% and a positive return on equity of 3.73%.

Separately, ValuEngine upgraded shares of OHA Investment from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd.

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OHA Investment Company Profile

OHA Investment Corporation is a specialty finance company. The Company focuses primarily on providing direct lending solutions to middle market private companies across industry sectors. The Company’s investment portfolio includes debt securities and other investments in upstream exploration and production companies engaged in the acquisition, development and production of oil and natural gas properties in and along the Gulf Coast, in the state and federal waters of the Gulf of Mexico, and in the Permian Basin, Mid-Continent and Rocky Mountain areas.

Dividend History for OHA Investment (NASDAQ:OHAI)

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