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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Thursday, November 7th,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.035 per share on Friday, February 28th. This represents a $0.42 dividend on an annualized basis and a yield of 14.24%. The ex-dividend date of this dividend is Friday, February 14th.

Oxford Square Capital has decreased its dividend by an average of 6.3% annually over the last three years. Oxford Square Capital has a dividend payout ratio of 116.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Oxford Square Capital to earn $0.36 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 116.7%.

Oxford Square Capital Stock Performance

Shares of Oxford Square Capital stock opened at $2.95 on Friday. Oxford Square Capital has a 1 year low of $2.74 and a 1 year high of $3.29. The firm’s 50-day simple moving average is $2.89 and its 200-day simple moving average is $2.99.

Oxford Square Capital (NASDAQ:OXSQ) last released its earnings results on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. Oxford Square Capital had a positive return on equity of 18.89% and a negative net margin of 10.48%. The company had revenue of $11.45 million for the quarter. During the same period in the prior year, the business earned $0.13 EPS.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Oxford Square Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, August 14th.

Oxford Square Capital Company Profile

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.