Oxford Square Capital Corp. (OXSQ) to Issue Monthly Dividend of $0.04 on January 30th

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a monthly dividend on Thursday, October 30th. Shareholders of record on Friday, January 16th will be given a dividend of 0.035 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 22.7%. The ex-dividend date is Friday, January 16th.

Oxford Square Capital has decreased its dividend by an average of 0.1%per year over the last three years. Oxford Square Capital has a 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. 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 Stock Performance

NASDAQ OXSQ opened at $1.85 on Wednesday. The stock has a 50 day moving average price of $1.83 and a 200-day moving average price of $2.00. Oxford Square Capital has a one year low of $1.56 and a one year high of $2.87. The company has a market capitalization of $151.09 million, a P/E ratio of -46.25 and a beta of 0.50.

Oxford Square Capital (NASDAQ:OXSQ) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. Oxford Square Capital had a negative net margin of 6.39% and a positive return on equity of 14.80%. The business had revenue of $10.24 million during the quarter, compared to analyst estimates of $9.60 million.

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.