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. Stockholders of record on Friday, October 16th will be paid a dividend of 0.035 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 27.1%. The ex-dividend date is Friday, October 16th.

Oxford Square Capital has decreased its dividend 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 Price Performance

Shares of OXSQ stock traded up $0.11 during trading on Friday, reaching $1.55. The company had a trading volume of 3,458,532 shares, compared to its average volume of 1,698,857. The firm’s 50 day simple moving average is $1.38 and its two-hundred day simple moving average is $1.66. Oxford Square Capital has a one year low of $1.05 and a one year high of $2.42. The company has a market capitalization of $144.97 million, a PE ratio of -3.60 and a beta of 0.38.

Oxford Square Capital (NASDAQ:OXSQ) last announced its earnings results on Friday, July 31st. The company reported $0.05 earnings per share (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%.

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.