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

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 annualized dividend and a yield of 15.00%. The ex-dividend date of this dividend is Friday, November 15th.

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 payout ratio of 116.7% 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 Stock Performance

NASDAQ:OXSQ opened at $2.80 on Thursday. The firm has a market capitalization of $190.10 million, a PE ratio of -28.00 and a beta of 1.10. The stock has a 50-day simple moving average of $2.88 and a two-hundred day simple moving average of $2.98. Oxford Square Capital has a 52-week low of $2.74 and a 52-week high of $3.29.

Oxford Square Capital (NASDAQ:OXSQ) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. The firm had revenue of $11.45 million during the quarter. Oxford Square Capital had a positive return on equity of 18.58% and a negative net margin of 10.48%. During the same period last year, the company earned $0.13 EPS.

Wall Street Analyst Weigh In

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

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.