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

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a monthly dividend on Wednesday, August 14th, Wall Street Journal reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.035 per share on Friday, November 29th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 13.73%. The ex-dividend date is Friday, November 15th.

Oxford Square Capital has decreased its dividend by an average of 6.3% per year over the last three years. Oxford Square Capital has a dividend payout ratio of 116.7% 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 $0.36 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 116.7%.

Oxford Square Capital Stock Performance

Shares of OXSQ opened at $3.06 on Thursday. Oxford Square Capital has a 52 week low of $2.82 and a 52 week high of $3.29. The stock has a market capitalization of $191.89 million, a price-to-earnings ratio of 18.00 and a beta of 1.11. The stock has a fifty day moving average of $2.99 and a 200-day moving average of $3.08.

Oxford Square Capital (NASDAQ:OXSQ) last issued its earnings results on Tuesday, August 13th. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $11.45 million during the quarter. Oxford Square Capital had a return on equity of 17.71% and a net margin of 18.57%. During the same period in the previous year, the company earned $0.13 EPS.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Oxford Square Capital from a “sell” rating to a “hold” rating in a research note on Wednesday.

Oxford Square Capital Company Profile

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.