Oxford Square Capital Corp. (OXSQ) to Issue Monthly Dividend of $0.04 on March 31st

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a monthly dividend on Friday, November 8th,Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.035 per share on Monday, March 31st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 14.43%. The ex-dividend date is Monday, March 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 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 Down 1.4 %

Shares of Oxford Square Capital stock opened at $2.91 on Friday. Oxford Square Capital has a one year low of $2.74 and a one year high of $3.29. The business’s 50 day simple moving average is $2.89 and its two-hundred day simple moving average is $2.99.

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

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.