Oxford Square Capital Corp. (OXSQ) To Go Ex-Dividend on September 16th

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a monthly dividend on Monday, April 27th. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.035 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 31.3%. The ex-dividend date of this dividend is Wednesday, September 16th.

Oxford Square Capital has decreased its dividend by an average of 0.1%per year over the last three years. Oxford Square Capital has a payout ratio of 175.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Oxford Square Capital Stock Performance

Shares of NASDAQ OXSQ opened at $1.34 on Monday. The company has a market capitalization of $144.33 million, a PE ratio of -2.98 and a beta of 0.36. The company’s fifty day moving average price is $1.43 and its 200 day moving average price is $1.56. Oxford Square Capital has a 1 year low of $1.05 and a 1 year high of $2.20.

Oxford Square Capital (NASDAQ:OXSQ) last posted its earnings results on Friday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. Oxford Square Capital had a negative net margin of 93.65% and a positive return on equity of 14.41%. The business had revenue of $9.40 million for the quarter, compared to analyst estimates of $8.32 million.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on OXSQ. Weiss Ratings cut Oxford Square Capital from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday. Wall Street Zen upgraded shares of Oxford Square Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Oxford Square Capital Company Profile

Oxford Square Capital Corp. (NASDAQ:OXSQ) is a publicly traded business development company that provides flexible financing solutions to U.S. middle-market companies. Chartered as a closed-end management investment company, Oxford Square Capital seeks to generate current income and capital appreciation by investing primarily in secured loans, mezzanine debt and equity co-investments. The firm targets businesses with established cash flows, offering tailored capital structures designed to support growth, recapitalizations and acquisitions.

The company’s investment strategy focuses on senior secured first-lien and second-lien loans, subordinated debt and preferred and common equity stakes.