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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Thursday, February 26th. Investors of record on Thursday, April 16th will be given a dividend of 0.035 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 22.5%. The ex-dividend date of this dividend is Thursday, April 16th.

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. Research 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 Price Performance

NASDAQ OXSQ opened at $1.87 on Tuesday. The stock has a market capitalization of $163.65 million, a P/E ratio of -7.19 and a beta of 0.45. Oxford Square Capital has a 52-week low of $1.56 and a 52-week high of $2.64. The firm has a 50-day moving average price of $1.80 and a 200 day moving average price of $1.81.

Oxford Square Capital (NASDAQ:OXSQ) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of ($10.71) million during the quarter, compared to analysts’ expectations of $10.15 million. Oxford Square Capital had a negative net margin of 46.44% and a positive return on equity of 14.80%.

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.