Oxford Square Capital Corp. (OXSQ) To Go Ex-Dividend on June 16th

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a monthly dividend on Thursday, February 26th. Shareholders of record on Tuesday, June 16th will be paid a dividend of 0.035 per share on Tuesday, June 30th. This represents a c) annualized dividend and a 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%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 $1.35 on Friday. The firm has a market capitalization of $126.26 million, a price-to-earnings ratio of -3.14 and a beta of 0.38. The stock has a 50 day moving average price of $1.65 and a 200 day moving average price of $1.75. 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 posted its earnings results on Wednesday, April 29th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The company had revenue of ($23.52) million for the quarter, compared to analysts’ expectations of $9.84 million. Oxford Square Capital had a positive return on equity of 14.11% and a negative net margin of 92.37%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OXSQ. 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 downgraded Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently 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.