Oxford Square Capital Corp. (OXSQ) to Distribute Monthly Dividend of $0.04 on July 31st

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Monday, April 27th. Stockholders of record on Friday, July 17th will be given a dividend of 0.035 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 27.1%. The ex-dividend date is Friday, July 17th.

Oxford Square Capital has decreased its dividend payment by an average of 0.1%annually over the last three years. Oxford Square Capital has a payout ratio of 175.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Oxford Square Capital Stock Up 5.4%

Shares of NASDAQ:OXSQ opened at $1.55 on Wednesday. The company has a market cap of $144.97 million, a PE ratio of -3.60 and a beta of 0.38. Oxford Square Capital has a fifty-two week low of $1.05 and a fifty-two week high of $2.42. The firm has a 50-day simple moving average of $1.42 and a 200 day simple moving average of $1.68.

Oxford Square Capital (NASDAQ:OXSQ) last issued its earnings results on Wednesday, April 29th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of ($23.52) million during the quarter, compared to the consensus estimate of $9.84 million. Oxford Square Capital had a positive return on equity of 14.11% and a negative net margin of 92.37%.

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.