Oxford Square Capital Corp. to Issue Dividend of $0.04 (NASDAQ:OXSQ)

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a dividend on Wednesday, October 16th, investing.com reports. Shareholders of record on Friday, October 18th will be given a dividend of 0.035 per share on Thursday, October 31st. This represents a yield of 14.09%. The ex-dividend date of this dividend is Thursday, October 17th.

Oxford Square Capital has decreased its dividend payment by an average of 6.3% annually over the last three years. Oxford Square Capital has a payout ratio of 116.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 NASDAQ OXSQ traded up $0.03 during mid-day trading on Wednesday, reaching $2.98. The company had a trading volume of 1,023,283 shares, compared to its average volume of 314,667. The stock has a market capitalization of $190.00 million, a PE ratio of 98.37 and a beta of 1.10. Oxford Square Capital has a twelve month low of $2.74 and a twelve month high of $3.29. The stock’s 50 day moving average is $2.91 and its 200-day moving average is $3.02.

Oxford Square Capital (NASDAQ:OXSQ) last posted its earnings results on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $11.45 million during the quarter. Oxford Square Capital had a net margin of 6.05% and a return on equity of 18.70%. During the same period in the prior year, the firm earned $0.13 earnings per share.

Analysts Set New Price Targets

Separately, StockNews.com raised Oxford Square Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th.

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.