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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Friday, July 31st. Stockholders of record on Monday, November 16th will be paid a dividend of 0.035 per share on Monday, November 30th. This represents a c) dividend on an annualized basis and a dividend yield of 27.1%. The ex-dividend date of this dividend is Monday, November 16th.

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 dividend 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 Up 7.6%

Shares of OXSQ traded up $0.11 during mid-day trading on Friday, hitting $1.55. 3,458,532 shares of the company traded hands, compared to its average volume of 1,698,857. Oxford Square Capital has a 1-year low of $1.05 and a 1-year high of $2.42. The company has a market capitalization of $144.97 million, a PE ratio of -3.60 and a beta of 0.38. The business has a 50 day moving average of $1.38 and a 200 day moving average of $1.66.

Oxford Square Capital (NASDAQ:OXSQ) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.04 by $0.01. Oxford Square Capital had a negative net margin of 92.37% and a positive return on equity of 14.11%.

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.