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

Oxford Square Capital Corp. (NASDAQ:OXSQ – Get Free Report) announced a monthly dividend on Friday, July 31st. Shareholders of record on Monday, November 16th will be paid a dividend of 0.035 per share on Monday, November 30th. This represents a c) dividend on an annualized basis and a dividend yield of 27.1%. The ex-dividend date of this dividend is Monday, November 16th.

Oxford Square Capital has decreased its dividend by an average of 0.1%per year over the last three years. Oxford Square Capital has a 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.

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Oxford Square Capital Trading Up 7.6%

OXSQ opened at $1.55 on Friday. The stock has a market cap of $144.97 million, a PE ratio of -3.60 and a beta of 0.38. Oxford Square Capital has a 1 year low of $1.05 and a 1 year high of $2.42. The stock’s 50 day simple moving average is $1.39 and its 200-day simple moving average is $1.65.

Oxford Square Capital (NASDAQ:OXSQ – Get Free Report) last issued its earnings results on Friday, July 31st. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $9.40 million during the quarter, compared to analyst estimates of $8.32 million. Oxford Square Capital had a positive return on equity of 14.11% and a negative net margin of 92.37%.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on OXSQ

Oxford Square Capital Company Profile

(Get Free Report)

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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