Oxford Square Capital Corp. (OXSQ) To Go Ex-Dividend on October 16th

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a monthly dividend on Friday, July 31st. Stockholders of record on Friday, October 16th will be paid a dividend of 0.035 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a dividend yield of 27.1%. The ex-dividend date of this dividend is Friday, October 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.

Oxford Square Capital Price Performance

Shares of NASDAQ:OXSQ opened at $1.55 on Friday. The company has a market capitalization of $144.97 million, a price-to-earnings ratio of -3.44 and a beta of 0.38. The firm’s 50 day simple moving average is $1.39 and its 200 day simple moving average is $1.65. Oxford Square Capital has a fifty-two week low of $1.05 and a fifty-two week high of $2.42.

Oxford Square Capital (NASDAQ:OXSQ) last released its quarterly earnings data on Friday, July 31st. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The business had revenue of $9.40 million for the quarter, compared to analyst estimates of $8.32 million. Oxford Square Capital had a negative net margin of 92.37% and a positive return on equity of 14.11%.

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.