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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Friday, July 31st. Shareholders of record on Thursday, December 17th will be given a dividend of 0.035 per share on Thursday, December 31st. This represents a c) annualized dividend and a yield of 27.1%. The ex-dividend date is Thursday, December 17th.

Oxford Square Capital has decreased its dividend by an average of 0.1%annually over the last three years. Oxford Square Capital has a payout ratio of 175.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Oxford Square Capital Stock Performance

Shares of NASDAQ:OXSQ traded up $0.11 during trading hours on Friday, reaching $1.55. The stock had a trading volume of 3,458,532 shares, compared to its average volume of 1,698,857. Oxford Square Capital has a 1 year low of $1.05 and a 1 year high of $2.42. The firm’s 50 day moving average is $1.38 and its 200-day moving average is $1.66. The stock has a market capitalization of $144.97 million, a price-to-earnings ratio of -3.60 and a beta of 0.38.

Oxford Square Capital (NASDAQ:OXSQ) last released its quarterly earnings data on Friday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. Oxford Square Capital had a negative net margin of 92.37% and a positive return on equity of 14.11%.

Oxford Square Capital Company Profile

Oxford Square Capital Corp. (NASDAQ:OXSQ) is a publicly traded business development company that provides flexible financing solutions to U.S. middle-market companies. Chartered as a closed-end management investment company, Oxford Square Capital seeks to generate current income and capital appreciation by investing primarily in secured loans, mezzanine debt and equity co-investments. The firm targets businesses with established cash flows, offering tailored capital structures designed to support growth, recapitalizations and acquisitions.

The company’s investment strategy focuses on senior secured first-lien and second-lien loans, subordinated debt and preferred and common equity stakes.