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

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a monthly dividend on Tuesday, November 4th. Investors of record on Friday, February 13th will be paid a dividend of 0.035 per share on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 22.3%. The ex-dividend date is Friday, February 13th.

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. 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 Stock Performance

Shares of OXSQ stock traded up $0.01 during midday trading on Wednesday, hitting $1.89. 217,879 shares of the company were exchanged, compared to its average volume of 627,889. The firm has a market capitalization of $147.10 million, a P/E ratio of -94.25 and a beta of 0.62. The firm’s 50 day moving average price is $1.91 and its two-hundred day moving average price is $2.19. Oxford Square Capital has a 52 week low of $1.56 and a 52 week high of $2.96.

Oxford Square Capital (NASDAQ:OXSQ) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. Oxford Square Capital had a negative net margin of 3.35% and a positive return on equity of 15.19%. The business had revenue of $10.24 million during the quarter, compared to analysts’ expectations of $9.60 million.

Institutional Investors Weigh In On Oxford Square Capital

Institutional investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd bought a new stake in Oxford Square Capital during the 1st quarter worth approximately $28,000. Cambridge Investment Research Advisors Inc. grew its holdings in Oxford Square Capital by 42.8% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,782 shares of the company’s stock worth $49,000 after acquiring an additional 5,626 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in Oxford Square Capital during the 3rd quarter worth approximately $32,000. Parkside Financial Bank & Trust bought a new stake in Oxford Square Capital during the 2nd quarter worth approximately $49,000. Finally, Ethos Financial Group LLC bought a new stake in Oxford Square Capital during the 1st quarter worth approximately $123,000. 6.44% of the stock is owned by institutional investors.

About Oxford Square Capital

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