Oxford Square Capital Corp. (NASDAQ:OXSQ – Get Free Report) declared a monthly dividend on Monday, April 27th. Investors of record on Monday, August 17th will be given a dividend of 0.035 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 28.8%. The ex-dividend date is Monday, August 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 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.
Oxford Square Capital Stock Performance
Shares of OXSQ opened at $1.46 on Friday. Oxford Square Capital has a 1 year low of $1.05 and a 1 year high of $2.36. The stock has a market capitalization of $157.26 million, a PE ratio of -3.24 and a beta of 0.36. The stock has a 50-day simple moving average of $1.42 and a 200-day simple moving average of $1.63.
Analysts Set New Price Targets
A number of analysts have weighed in on OXSQ shares. Wall Street Zen raised shares of Oxford Square Capital from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings lowered Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.
View Our Latest Stock Analysis on OXSQ
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.
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