Oxford Square Capital Corp (NASDAQ:OXSQ) declared a quarterly dividend on Thursday, July 26th, NASDAQ reports. Stockholders of record on Friday, September 14th will be paid a dividend of 0.20 per share on Friday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 10.93%. The ex-dividend date is Thursday, September 13th.

Oxford Square Capital has a dividend payout ratio of 117.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Oxford Square Capital to earn $0.71 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 112.7%.

Shares of OXSQ traded down $0.07 during mid-day trading on Friday, hitting $7.32. The company’s stock had a trading volume of 110,027 shares, compared to its average volume of 107,407. The stock has a market capitalization of $364.00 million, a P/E ratio of 12.20 and a beta of 0.43. The company has a debt-to-equity ratio of 0.42, a current ratio of 39.47 and a quick ratio of 39.47. Oxford Square Capital has a fifty-two week low of $5.15 and a fifty-two week high of $7.48.

Oxford Square Capital (NASDAQ:OXSQ) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The company had revenue of $12.40 million for the quarter, compared to analysts’ expectations of $13.41 million. Oxford Square Capital had a net margin of 75.90% and a return on equity of 8.43%. The company’s quarterly revenue was down 26.6% compared to the same quarter last year. equities research analysts forecast that Oxford Square Capital will post 0.68 EPS for the current fiscal year.

Several equities analysts have recently issued reports on OXSQ shares. National Securities reaffirmed a “sell” rating and issued a $5.00 price objective on shares of Oxford Square Capital in a research note on Monday, August 6th. Zacks Investment Research cut shares of Oxford Square Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $6.13.

About Oxford Square Capital

TICC Capital Corp. is a business development company, operates as a closed-end, non-diversified management investment company. The firm invests in both public and private companies. It invests in secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, and common stock.

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Dividend History for Oxford Square Capital (NASDAQ:OXSQ)

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