Oxford Square Capital Corp. (OXSQ) to Issue Monthly Dividend of $0.04 on May 29th

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Thursday, February 26th. Investors of record on Friday, May 15th will be paid a dividend of 0.035 per share on Friday, May 29th. This represents a c) dividend on an annualized basis 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 Stock Down 0.3%

OXSQ traded down $0.01 during trading on Wednesday, reaching $1.78. 669,228 shares of the stock traded hands, compared to its average volume of 1,453,609. The stock’s 50-day moving average is $1.81 and its 200 day moving average is $1.83. Oxford Square Capital has a 12 month low of $1.56 and a 12 month high of $2.50. The stock has a market capitalization of $166.02 million, a PE ratio of -4.13 and a beta of 0.48.

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

Analyst Ratings Changes

OXSQ has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oxford Square Capital in a research report on Tuesday, April 21st. Wall Street Zen downgraded shares of Oxford Square Capital from a “hold” rating to a “strong sell” rating in a research report on Saturday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

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.