Oxford Square Capital Corp. (OXSQ) to Issue Monthly Dividend of $0.04 on June 30th

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a monthly dividend on Monday, March 3rd, Wall Street Journal reports. Shareholders of record on Monday, June 16th will be given a dividend of 0.035 per share on Monday, June 30th. This represents a $0.42 dividend on an annualized basis and a yield of 18.42%. The ex-dividend date is Monday, June 16th.

Oxford Square Capital has a dividend 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. 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 Stock Performance

OXSQ opened at $2.28 on Friday. The company has a fifty day moving average price of $2.43 and a two-hundred day moving average price of $2.57. Oxford Square Capital has a 52 week low of $2.26 and a 52 week high of $3.10. The firm has a market capitalization of $162.74 million, a PE ratio of -22.80 and a beta of 0.66.

Oxford Square Capital (NASDAQ:OXSQ) last released its earnings results on Friday, April 25th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Oxford Square Capital had a negative net margin of 10.48% and a positive return on equity of 18.58%. The firm had revenue of $10.16 million during the quarter, compared to analyst estimates of $9.90 million. During the same quarter in the previous year, the business earned $0.11 EPS.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Oxford Square Capital from a “hold” rating to a “sell” rating in a report on Sunday, May 4th.

Hedge Funds Weigh In On Oxford Square Capital

A hedge fund recently bought a new stake in Oxford Square Capital stock. Dynamic Technology Lab Private Ltd purchased a new stake in Oxford Square Capital Corp. (NASDAQ:OXSQ) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,614 shares of the company’s stock, valued at approximately $28,000. Institutional investors and hedge funds own 6.44% of the company’s stock.

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.