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.
About Oxford Square Capital
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.
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