Should You Buy Oaktree Strategic Income Corporation ($OCSI) Before Its Ex-Dividend?

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Oaktree Strategic Income Corporation (NASDAQ:OCSI) will begin trading ex-dividend on September 14, 2020. The quarterly dividend payment of $ 0.125 per share is scheduled to be paid on September 30, 2020. The dividend yield based on the latest trading day closing price was 7.31 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.

Dividends History
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Oaktree Strategic Income Corporation recently reported third quarter financial results on August 10, 2020, before market open, the Los Angeles based company reported income for the third quarter of $ 0.11 per share, from the revenue of $ 8.64 million. The quarterly earnings shrunk 45.00 percent while revenues fell 37.44 percent compared with the same quarter last year.
Wall street analysts are predicting, OCSI to report 3Q20 income of $ 0.12 per share from revenue of $ 10.35 million. The bottom line results missed street analysts by $ 0.01 or 8.33 percent, at the same time, top line results fell short of analysts by $ 1.71 million or 16.52 percent.

Stock Performance

Shares of Oaktree Strategic Income Corporation traded up $ 0.16 or 2.40 percent on Thursday, reaching $ 6.84 with volume of 63.20 thousand shares. Oaktree Strategic Income Corporation has traded high as $ 6.93 and has cracked $ 6.67 on the downward trend

According to the previous trading day, closing price of $ 6.84, representing a 56.07 % increase from the 52 week low of $ 4.28 and a 21.41 % decrease over the 52 week high of $ 8.50.

The company has a market capital of $ 201.55 million and is part of the Financial Services sector and Asset Management industry.

Fifth Street Senior Floating Rate Corp. is a business development company specializing in providing financing solutions in the form of floating rate senior secured loans to mid-sized companies.