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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a dividend on Wednesday, October 16th, investing.com reports. Investors 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 by an average of 6.3% annually over the last three years. Oxford Square Capital has a 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. 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 Trading Up 1.0 %

Shares of OXSQ traded up $0.03 during mid-day trading on Wednesday, hitting $2.98. 1,023,283 shares of the company’s stock were exchanged, compared to its average volume of 314,667. The firm has a market capitalization of $190.00 million, a P/E ratio of 99.37 and a beta of 1.10. Oxford Square Capital has a fifty-two week low of $2.74 and a fifty-two week high of $3.29. The business’s 50 day moving average is $2.91 and its two-hundred day moving average is $3.02.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Oxford Square Capital from a “sell” rating to a “hold” rating in a 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.