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

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a monthly dividend on Thursday, February 26th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.035 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 23.8%. The ex-dividend date is Friday, May 15th.

Oxford Square Capital has decreased its dividend payment 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 Trading Down 0.8%

NASDAQ:OXSQ traded down $0.02 during trading hours on Wednesday, hitting $1.77. 431,874 shares of the stock traded hands, compared to its average volume of 1,450,603. The firm has a 50 day moving average price of $1.81 and a 200 day moving average price of $1.83. Oxford Square Capital has a fifty-two week low of $1.56 and a fifty-two week high of $2.50. The firm has a market cap of $165.08 million, a price-to-earnings ratio of -4.10 and a beta of 0.48.

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

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.