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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Friday, July 31st. Stockholders of record on Thursday, December 17th will be paid a dividend of 0.035 per share on Thursday, December 31st. This represents a c) annualized dividend and a dividend yield of 27.1%. The ex-dividend date of this dividend is Thursday, December 17th.

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 Price Performance

Shares of Oxford Square Capital stock opened at $1.55 on Friday. The business has a 50-day simple moving average of $1.39 and a 200 day simple moving average of $1.65. The firm has a market capitalization of $144.97 million, a price-to-earnings ratio of -3.60 and a beta of 0.38. Oxford Square Capital has a one year low of $1.05 and a one year high of $2.42.

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, topping analysts’ consensus estimates of $0.04 by $0.01. Oxford Square Capital had a positive return on equity of 14.11% and a negative net margin of 92.37%.The company had revenue of $9.40 million for the quarter, compared to analyst estimates of $8.32 million.

Analysts Set New Price Targets

Several brokerages recently issued reports on OXSQ. Wall Street Zen upgraded Oxford Square Capital from a “strong sell” rating to a “sell” rating in a report on Sunday, May 17th. Weiss Ratings lowered Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average 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.