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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Monday, April 27th. Shareholders of record on Friday, July 17th will be given a dividend of 0.035 per share on Friday, July 31st. This represents a c) annualized dividend and a 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%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.

Oxford Square Capital Stock Performance

Shares of NASDAQ OXSQ opened at $1.55 on Wednesday. The stock has a market cap of $144.97 million, a PE ratio of -3.60 and a beta of 0.38. The business has a fifty day moving average of $1.42 and a two-hundred day moving average of $1.68. Oxford Square Capital has a 52-week low of $1.05 and a 52-week high of $2.42.

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

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.