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

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a dividend on Wednesday, October 16th, investing.com reports. Shareholders of record on Friday, October 18th will be given a dividend of 0.035 per share on Thursday, October 31st. This represents a yield of 14.09%. The ex-dividend date is Thursday, October 17th.

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 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 Stock Up 1.0 %

Shares of OXSQ traded up $0.03 during trading hours on Wednesday, hitting $2.98. The company had a trading volume of 1,023,283 shares, compared to its average volume of 314,667. The firm has a market cap of $190.00 million, a price-to-earnings ratio of 99.37 and a beta of 1.10. The business has a fifty day moving average of $2.91 and a 200-day moving average of $3.02. Oxford Square Capital has a 12 month low of $2.74 and a 12 month high of $3.29.

Oxford Square Capital (NASDAQ:OXSQ) last announced its quarterly earnings data 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 net margin of 6.05% and a return on equity of 18.70%. The firm had revenue of $11.45 million for the quarter. During the same quarter in the previous year, the company earned $0.13 earnings per share.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Oxford Square Capital from a “sell” rating to a “hold” rating in a 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.