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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Tuesday, May 7th, Wall Street Journal reports. Shareholders of record on Friday, August 16th will be paid a dividend of 0.035 per share on Friday, August 30th. This represents a $0.42 dividend on an annualized basis and a yield of 12.96%. The ex-dividend date is Friday, August 16th.

Oxford Square Capital has decreased its dividend payment by an average of 6.3% per year over the last three years. Oxford Square Capital has a payout ratio of 116.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Oxford Square Capital to earn $0.36 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 116.7%.

Oxford Square Capital Trading Up 0.3 %

Shares of NASDAQ:OXSQ opened at $3.24 on Tuesday. Oxford Square Capital has a 12-month low of $2.60 and a 12-month high of $3.29. The company has a market capitalization of $193.33 million, a PE ratio of 19.00 and a beta of 1.10. The business has a 50 day moving average of $3.14 and a two-hundred day moving average of $3.03.

Oxford Square Capital (NASDAQ:OXSQ) last issued its quarterly earnings results on Friday, March 15th. The company reported $0.13 EPS for the quarter. Oxford Square Capital had a return on equity of 17.32% and a net margin of 18.57%. The firm had revenue of $12.32 million during the quarter.

Oxford Square Capital Company Profile

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.