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

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a monthly dividend on Wednesday, July 30th. Investors of record on Friday, November 14th will be paid a dividend of 0.035 per share on Friday, November 28th. This represents a c) annualized dividend and a yield of 21.2%. The ex-dividend date is Friday, November 14th.

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 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. Equities analysts expect Oxford Square Capital to earn $0.28 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 150.0%.

Oxford Square Capital Trading Up 0.8%

OXSQ stock traded up $0.02 during midday trading on Wednesday, reaching $1.99. 729,397 shares of the company’s stock traded hands, compared to its average volume of 633,781. Oxford Square Capital has a 52-week low of $1.56 and a 52-week high of $2.87. The stock has a market cap of $162.11 million, a P/E ratio of -99.25 and a beta of 0.65. The stock’s 50-day moving average is $1.88 and its 200 day moving average is $2.17.

Oxford Square Capital (NASDAQ:OXSQ) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $10.24 million during the quarter, compared to analyst estimates of $9.60 million. Oxford Square Capital had a positive return on equity of 15.19% and a negative net margin of 3.35%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Oxford Square Capital in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

About Oxford Square Capital

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.