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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Friday, July 31st. Shareholders of record on Thursday, December 17th will be paid a dividend of 0.035 per share on Thursday, December 31st. This represents a c) dividend on an annualized basis and a yield of 27.1%. The ex-dividend date is Thursday, December 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 Trading Up 7.6%

NASDAQ:OXSQ traded up $0.11 during trading hours on Friday, reaching $1.55. 3,458,532 shares of the company traded hands, compared to its average volume of 1,698,857. The business’s 50-day moving average price is $1.38 and its two-hundred day moving average price is $1.66. Oxford Square Capital has a 1 year low of $1.05 and a 1 year high of $2.42. The stock has a market capitalization of $144.97 million, a P/E ratio of -3.60 and a beta of 0.38.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on OXSQ shares. Wall Street Zen upgraded shares of Oxford Square Capital from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 17th. Weiss Ratings lowered shares of Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Oxford Square Capital presently has a consensus rating of “Sell”.

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.