Oxford Square Capital Corp. (NASDAQ:OXSQ – Get Free Report) announced a monthly dividend on Monday, April 27th. Shareholders of record on Friday, July 17th will be paid a dividend of 0.035 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 27.1%. The ex-dividend date of this dividend is Friday, July 17th.
Oxford Square Capital has decreased its dividend 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.
Oxford Square Capital Trading Up 5.4%
Shares of OXSQ stock opened at $1.55 on Wednesday. Oxford Square Capital has a twelve month low of $1.05 and a twelve month high of $2.42. The company’s 50-day moving average price is $1.42 and its 200-day moving average price is $1.68. The stock has a market cap of $144.97 million, a price-to-earnings ratio of -3.60 and a beta of 0.38.
Analyst Upgrades and Downgrades
Several research firms have issued reports on OXSQ. Wall Street Zen raised Oxford Square Capital from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 17th. Weiss Ratings lowered Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 18th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Oxford Square Capital has a consensus rating of “Sell”.
View Our Latest Report on OXSQ
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.
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