Oxford Square Capital Corp. (NASDAQ:OXSQ) Plans Monthly Dividend of $0.04

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Monday, April 27th. Investors of record on Monday, August 17th will be given a dividend of 0.035 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 28.8%. The ex-dividend date of this dividend is Monday, August 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 Down 2.0%

NASDAQ OXSQ opened at $1.46 on Friday. The stock’s 50-day simple moving average is $1.42 and its two-hundred day simple moving average is $1.63. Oxford Square Capital has a twelve month low of $1.05 and a twelve month high of $2.36. The company has a market capitalization of $157.26 million, a price-to-earnings ratio of -3.24 and a beta of 0.36.

Oxford Square Capital (NASDAQ:OXSQ) last issued its earnings results on Friday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The business had revenue of $9.40 million during the quarter, compared to analyst estimates of $8.32 million. Oxford Square Capital had a positive return on equity of 14.41% and a negative net margin of 93.65%.

Oxford Square Capital Company Profile

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.