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

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 paid a dividend of 0.035 per share on Thursday, October 31st. This represents a yield of 14.09%. The ex-dividend date 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% 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 Price Performance

OXSQ stock traded up $0.03 during mid-day trading on Wednesday, hitting $2.98. 1,023,283 shares of the stock were exchanged, compared to its average volume of 314,667. The business has a fifty day moving average price of $2.91 and a 200 day moving average price of $3.02. Oxford Square Capital has a 12 month low of $2.74 and a 12 month high of $3.29. The stock has a market capitalization of $190.00 million, a price-to-earnings ratio of 99.37 and a beta of 1.10.

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

Analyst Ratings Changes

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