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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a dividend on Thursday, August 8th, NASDAQ reports. Stockholders of record on Thursday, October 17th will be given a dividend of 0.035 per share on Thursday, October 31st. The ex-dividend date of this dividend is Thursday, October 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 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 $0.36 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 Performance

Shares of Oxford Square Capital stock opened at $2.93 on Tuesday. The firm has a market cap of $186.82 million, a PE ratio of 97.70 and a beta of 1.10. The business’s 50 day simple moving average is $2.91 and its 200 day simple moving average is $3.02. 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 posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting 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 company had revenue of $11.45 million for the quarter. During the same quarter last year, the business earned $0.13 earnings per share.

Analyst Ratings Changes

Separately, StockNews.com raised shares of 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.