Oxford Square Capital Corp. (OXSQ) to Distribute Monthly Dividend of $0.04 on October 30th

Oxford Square Capital Corp. (NASDAQ:OXSQ – Get Free Report) declared a monthly dividend on Wednesday, July 29th. Shareholders of record on Friday, October 16th will be paid a dividend of $0.0350 per share on Friday, October 30th. This represents a $0.42 dividend on an annualized basis and a yield of 31.3%. The ex-dividend date is Friday, October 16th.

Oxford Square Capital has decreased its dividend by an average of 0.1% annually over the last three years. Oxford Square Capital has a 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.

Oxford Square Capital Stock Performance

NASDAQ:OXSQ opened at $1.34 on Wednesday. Oxford Square Capital has a fifty-two week low of $1.05 and a fifty-two week high of $2.05. The stock has a market capitalization of $144.33 million, a P/E ratio of 5.54 and a beta of 0.33. The company’s 50-day simple moving average is $1.35 and its 200-day simple moving average is $1.48.

Oxford Square Capital (NASDAQ:OXSQ – Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $9.40 million for the quarter, compared to the consensus estimate of $8.32 million.

About Oxford Square Capital

(Get Free Report)

Oxford Square Capital Corp. (NASDAQ: OXSQ) is a closed-end investment company that has elected to be regulated as a business development company. The company seeks to generate current income and, to a lesser extent, capital appreciation by investing in a portfolio of debt and equity securities.

Its investments have included collateralized loan obligation securities, leveraged loans, corporate debt, and other securities issued by middle-market and larger companies. Oxford Square may invest across a range of industries and typically focuses on securities that provide exposure to privately negotiated or broadly syndicated corporate credit.

The company was formerly known as TICC Capital Corp.

Further Reading

Dividend History for Oxford Square Capital (NASDAQ:OXSQ)

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