Oxford Square Capital Corp. (OXSQ) To Go Ex-Dividend on December 17th

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Thursday, August 15th,Wall Street Journal reports. Investors of record on Tuesday, December 17th will be paid a dividend of 0.035 per share on Tuesday, December 31st. This represents a $0.42 dividend on an annualized basis and a yield of 15.85%. The ex-dividend date is Tuesday, December 17th.

Oxford Square Capital has decreased its dividend payment by an average of 6.3% annually over the last three years. Oxford Square Capital has a dividend payout ratio of 150.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Oxford Square Capital to earn $0.28 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 150.0%.

Oxford Square Capital Price Performance

Shares of OXSQ opened at $2.65 on Friday. Oxford Square Capital has a 52-week low of $2.62 and a 52-week high of $3.29. The stock has a fifty day simple moving average of $2.80 and a two-hundred day simple moving average of $2.90.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Oxford Square Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, November 19th.

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.