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

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a monthly dividend on Tuesday, November 4th. Investors of record on Friday, January 16th will be given a dividend of 0.035 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 21.9%. The ex-dividend date of this dividend is Friday, January 16th.

Oxford Square Capital has decreased its dividend payment by an average of 0.1%per year over the last three years. Oxford Square Capital has a dividend 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. Equities 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 Price Performance

OXSQ traded up $0.04 on Wednesday, hitting $1.92. 236,574 shares of the stock were exchanged, compared to its average volume of 627,940. Oxford Square Capital has a 12 month low of $1.56 and a 12 month high of $2.96. The business has a 50-day moving average of $1.91 and a two-hundred day moving average of $2.19. The firm has a market capitalization of $149.44 million, a price-to-earnings ratio of -95.75 and a beta of 0.62.

Oxford Square Capital (NASDAQ:OXSQ) last issued its earnings results on Tuesday, November 4th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $10.24 million during the quarter, compared to the consensus estimate of $9.60 million. Oxford Square Capital had a positive return on equity of 15.19% and a negative net margin of 3.35%.

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.