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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a dividend on Thursday, August 8th, NASDAQ reports. Shareholders of record on Thursday, October 17th will be given a dividend of 0.035 per share on Thursday, October 31st. The ex-dividend date is Thursday, October 17th.

Oxford Square Capital has decreased its dividend payment 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 Trading Up 0.3 %

OXSQ opened at $2.93 on Tuesday. Oxford Square Capital has a twelve month low of $2.74 and a twelve month high of $3.29. The stock has a market cap of $186.82 million, a PE ratio of 97.70 and a beta of 1.10. The business’s 50 day moving average is $2.91 and its 200-day moving average is $3.02.

Oxford Square Capital (NASDAQ:OXSQ) last announced its quarterly 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. Oxford Square Capital had a return on equity of 18.70% and a net margin of 6.05%. The company had revenue of $11.45 million during the quarter. During the same quarter last year, the firm posted $0.13 EPS.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Oxford Square Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th.

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.