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

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a dividend on Thursday, July 17th, investing.com reports. Shareholders of record on Friday, July 18th will be paid a dividend of 0.035 per share on Thursday, July 31st. This represents a yield of 18.03%. The ex-dividend date of this dividend is Thursday, July 17th.

Oxford Square Capital has a dividend payout ratio of 175.0% 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 $0.28 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 Price Performance

Shares of NASDAQ OXSQ opened at $2.33 on Friday. Oxford Square Capital has a 1-year low of $2.14 and a 1-year high of $3.07. The business has a 50-day moving average of $2.31 and a 200-day moving average of $2.52. The company has a market capitalization of $177.15 million, a price-to-earnings ratio of 233.00 and a beta of 0.65.

Oxford Square Capital (NASDAQ:OXSQ) last issued its earnings results on Friday, April 25th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. Oxford Square Capital had a positive return on equity of 16.74% and a negative net margin of 1.12%. The company had revenue of $10.16 million during the quarter, compared to the consensus estimate of $9.90 million. During the same quarter in the prior year, the business earned $0.11 earnings per share.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded Oxford Square Capital from a “hold” rating to a “sell” rating in a research report on Sunday, May 4th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Oxford Square Capital stock. Dynamic Technology Lab Private Ltd purchased a new stake in Oxford Square Capital Corp. (NASDAQ:OXSQ) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,614 shares of the company’s stock, valued at approximately $28,000. 6.44% of the stock is owned by institutional investors and hedge funds.

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.