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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Friday, July 31st. Investors of record on Friday, October 16th will be given a dividend of 0.035 per share on Friday, October 30th. This represents a c) annualized dividend and a yield of 27.1%. The ex-dividend date is Friday, October 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% 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 Oxford Square Capital stock opened at $1.55 on Friday. The company has a market cap of $144.97 million, a PE ratio of -3.60 and a beta of 0.38. The firm has a fifty day moving average price of $1.39 and a two-hundred day moving average price of $1.65. Oxford Square Capital has a fifty-two week low of $1.05 and a fifty-two week high of $2.42.

Oxford Square Capital (NASDAQ:OXSQ) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Oxford Square Capital had a negative net margin of 92.37% and a positive return on equity of 14.11%. The business had revenue of $9.40 million during the quarter, compared to analyst estimates of $8.32 million.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Weiss Ratings lowered shares of Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 18th. Wall Street Zen upgraded Oxford Square Capital from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

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.