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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Thursday, February 26th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.035 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 23.7%. The ex-dividend date of this dividend is Friday, May 15th.

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 dividend 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.

Oxford Square Capital Price Performance

OXSQ opened at $1.78 on Wednesday. Oxford Square Capital has a fifty-two week low of $1.56 and a fifty-two week high of $2.50. The firm has a market capitalization of $166.02 million, a P/E ratio of -4.13 and a beta of 0.48. The company’s 50-day moving average is $1.81 and its 200 day moving average is $1.83.

Oxford Square Capital (NASDAQ:OXSQ) last posted 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 for the quarter, compared to the consensus estimate of $9.84 million. Oxford Square Capital had a positive return on equity of 14.11% and a negative net margin of 92.37%.

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.