Oxford Square Capital Corp. (OXSQ) To Go Ex-Dividend on August 17th

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Monday, April 27th. Shareholders of record on Monday, August 17th will be given a dividend of 0.035 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 28.8%. The ex-dividend date is Monday, August 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 dividend 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 Stock Performance

OXSQ opened at $1.46 on Friday. Oxford Square Capital has a fifty-two week low of $1.05 and a fifty-two week high of $2.36. The firm has a 50-day moving average of $1.42 and a 200 day moving average of $1.63. The firm has a market cap of $157.26 million, a P/E ratio of -3.24 and a beta of 0.36.

Oxford Square Capital (NASDAQ:OXSQ) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The business had revenue of $9.40 million for the quarter, compared to the consensus estimate of $8.32 million. Oxford Square Capital had a positive return on equity of 14.41% and a negative net margin of 93.65%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of Oxford Square Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings lowered shares of Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.