Oxford Square Capital Corp. (NASDAQ:OXSQ – Get Free Report) announced a monthly dividend on Friday, July 31st. Investors of record on Friday, October 16th will be paid a dividend of 0.035 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 27.1%. The ex-dividend date is Friday, October 16th.
Oxford Square Capital has decreased its dividend by an average of 0.1%annually 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.
Oxford Square Capital Trading Up 7.6%
OXSQ stock traded up $0.11 during trading on Friday, reaching $1.55. 3,458,532 shares of the stock were exchanged, compared to its average volume of 1,698,857. The firm’s 50 day moving average is $1.38 and its 200 day moving average is $1.66. Oxford Square Capital has a twelve month low of $1.05 and a twelve month high of $2.42. The firm has a market cap of $144.97 million, a P/E ratio of -3.60 and a beta of 0.38.
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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