Oxford Square Capital Corp. (OXSQ) To Go Ex-Dividend on March 17th

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Thursday, October 30th. Stockholders of record on Tuesday, March 17th will be given a dividend of 0.035 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 24.1%. The ex-dividend date of this dividend is Tuesday, March 17th.

Oxford Square Capital has decreased its dividend by an average of 0.1%annually over the last three years. Oxford Square Capital has a dividend payout ratio of 175.0% 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 $0.28 per share next year, which means the company may not be able to cover its $0.42 annual dividend with an expected future payout ratio of 150.0%.

Oxford Square Capital Trading Down 0.6%

Shares of NASDAQ:OXSQ opened at $1.74 on Friday. The firm has a market cap of $152.27 million, a price-to-earnings ratio of -6.69 and a beta of 0.53. Oxford Square Capital has a 1 year low of $1.56 and a 1 year high of $2.72. The business has a fifty day simple moving average of $1.84 and a 200 day simple moving average of $1.86.

Oxford Square Capital (NASDAQ:OXSQ) last issued its earnings results on Tuesday, March 3rd. The company reported $0.07 EPS for the quarter, meeting analysts’ consensus estimates of $0.07. Oxford Square Capital had a positive return on equity of 14.80% and a negative net margin of 46.44%.The firm had revenue of ($10.71) million for the quarter, compared to the consensus estimate of $10.15 million.

About Oxford Square Capital

Oxford Square Capital Corp. (NASDAQ:OXSQ) is a publicly traded business development company that provides flexible financing solutions to U.S. middle-market companies. Chartered as a closed-end management investment company, Oxford Square Capital seeks to generate current income and capital appreciation by investing primarily in secured loans, mezzanine debt and equity co-investments. The firm targets businesses with established cash flows, offering tailored capital structures designed to support growth, recapitalizations and acquisitions.

The company’s investment strategy focuses on senior secured first-lien and second-lien loans, subordinated debt and preferred and common equity stakes.