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

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a monthly dividend on Monday, April 27th. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.035 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 31.3%. The ex-dividend date is Wednesday, September 16th.

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 Performance

Shares of NASDAQ OXSQ opened at $1.34 on Monday. The stock’s fifty day moving average is $1.43 and its 200 day moving average is $1.56. The stock has a market capitalization of $144.33 million, a P/E ratio of -2.98 and a beta of 0.36. Oxford Square Capital has a 52 week low of $1.05 and a 52 week high of $2.20.

Oxford Square Capital (NASDAQ:OXSQ) last issued its earnings results on Friday, July 31st. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Oxford Square Capital had a positive return on equity of 14.41% and a negative net margin of 93.65%.The firm had revenue of $9.40 million for the quarter, compared to the consensus estimate of $8.32 million.

Analysts Set New Price Targets

Several analysts recently weighed in on OXSQ shares. Wall Street Zen upgraded Oxford Square Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings downgraded Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average 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.