Oxford Square Capital Corp. (OXSQ) to Issue Monthly Dividend of $0.04 on November 30th

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

Oxford Square Capital has decreased its dividend by an average of 0.1%per year 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 Performance

Shares of NASDAQ OXSQ opened at $1.55 on Friday. The firm has a 50 day moving average price of $1.39 and a two-hundred day moving average price of $1.65. The stock has a market cap of $144.97 million, a P/E ratio of -3.44 and a beta of 0.38. Oxford Square Capital has a 52-week low of $1.05 and a 52-week high of $2.42.

Oxford Square Capital (NASDAQ:OXSQ) last issued its quarterly 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. The company had revenue of $9.40 million for the quarter, compared to analyst estimates of $8.32 million. Oxford Square Capital had a negative net margin of 92.37% and a positive return on equity of 14.11%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on OXSQ shares. Wall Street Zen raised Oxford Square Capital from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 17th. Weiss Ratings lowered Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company 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.