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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Friday, July 31st. Shareholders of record on Monday, November 16th will be given a dividend of 0.035 per share on Monday, November 30th. This represents a c) dividend on an annualized basis and a yield of 27.1%. The ex-dividend date is Monday, November 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 payout ratio of 175.0% meaning 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 Price Performance

OXSQ stock traded up $0.11 during trading hours on Friday, reaching $1.55. 3,458,532 shares of the stock were exchanged, compared to its average volume of 1,698,857. The firm’s 50-day moving average is $1.38 and its 200-day moving average is $1.66. Oxford Square Capital has a 12 month low of $1.05 and a 12 month high of $2.42. The company has a market cap of $144.97 million, a price-to-earnings ratio of -3.60 and a beta of 0.38.

Oxford Square Capital (NASDAQ:OXSQ) last issued its quarterly earnings results on Friday, July 31st. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. Oxford Square Capital had a positive return on equity of 14.11% and a negative net margin of 92.37%.

About Oxford Square Capital

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.