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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Monday, May 6th, Wall Street Journal reports. Investors of record on Friday, August 16th will be given a dividend of 0.035 per share on Friday, August 30th. This represents a $0.42 annualized dividend and a yield of 13.00%. The ex-dividend date of this dividend is Friday, August 16th.

Oxford Square Capital has decreased its dividend by an average of 6.3% per year over the last three years. Oxford Square Capital has a payout ratio of 116.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Oxford Square Capital to earn $0.36 per share next year, which means the company may not be able to cover its $0.42 annual dividend with an expected future payout ratio of 116.7%.

Oxford Square Capital Stock Up 1.6 %

NASDAQ OXSQ traded up $0.05 during mid-day trading on Monday, hitting $3.23. The stock had a trading volume of 213,053 shares, compared to its average volume of 213,934. Oxford Square Capital has a 52-week low of $2.60 and a 52-week high of $3.29. The company has a market cap of $192.73 million, a price-to-earnings ratio of 18.71 and a beta of 1.10. The company has a 50 day simple moving average of $3.14 and a 200 day simple moving average of $3.03.

Oxford Square Capital (NASDAQ:OXSQ) last released its quarterly earnings data on Friday, March 15th. The company reported $0.13 earnings per share for the quarter. Oxford Square Capital had a return on equity of 17.32% and a net margin of 18.57%. The firm had revenue of $12.32 million during the quarter.

Oxford Square Capital Company Profile

Oxford Square Capital Corp. is a business development company, operates as a closed-end, non-diversified management investment company. It is a private equity and mezzanine firm. The firm invests in both public and private companies. It invests in secured and unsecured senior debt, subordinated debt, junior subordinated debt, preferred stock, common stock and syndicated bank loans.