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

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a monthly dividend on Thursday, November 7th,Wall Street Journal reports. Investors of record on Friday, February 14th will be paid a dividend of 0.035 per share on Friday, February 28th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 14.24%. The ex-dividend date of this dividend is Friday, February 14th.

Oxford Square Capital has decreased its dividend by an average of 6.3% annually 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 research 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 Price Performance

Oxford Square Capital stock opened at $2.95 on Friday. Oxford Square Capital has a 52 week low of $2.74 and a 52 week high of $3.29. The company’s 50-day moving average price is $2.89 and its two-hundred day moving average price is $2.99.

Oxford Square Capital (NASDAQ:OXSQ) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. Oxford Square Capital had a negative net margin of 10.48% and a positive return on equity of 18.89%. The business had revenue of $11.45 million during the quarter. During the same quarter last year, the business earned $0.13 earnings per share.

Analyst Ratings Changes

Separately, StockNews.com upgraded 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.