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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Thursday, February 26th. Stockholders of record on Tuesday, June 16th will be paid a dividend of 0.035 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 31.1%. The ex-dividend date of this dividend is Tuesday, June 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 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 Down 2.2%

Shares of NASDAQ:OXSQ opened at $1.35 on Friday. The stock’s 50-day moving average price is $1.65 and its 200-day moving average price is $1.75. Oxford Square Capital has a 12-month low of $1.05 and a 12-month high of $2.42. The stock has a market capitalization of $126.26 million, a P/E ratio of -3.14 and a beta of 0.38.

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

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.