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

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a monthly dividend on Wednesday, August 14th,Wall Street Journal reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.035 per share on Friday, November 29th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 15.00%. The ex-dividend date of this dividend is Friday, November 15th.

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. Equities analysts expect Oxford Square Capital to earn $0.28 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 150.0%.

Oxford Square Capital Trading Down 1.8 %

Oxford Square Capital stock opened at $2.80 on Thursday. The firm has a market cap of $190.10 million, a price-to-earnings ratio of -28.00 and a beta of 1.10. The stock has a fifty day simple moving average of $2.88 and a two-hundred day simple moving average of $2.98. Oxford Square Capital has a 12 month low of $2.74 and a 12 month high of $3.29.

Oxford Square Capital (NASDAQ:OXSQ) last posted its earnings results on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $11.45 million during the quarter. Oxford Square Capital had a positive return on equity of 18.58% and a negative net margin of 10.48%. During the same period in the previous year, the business posted $0.13 EPS.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Oxford Square Capital from a “hold” rating to a “sell” rating in a report on Monday.

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.