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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Friday, November 8th,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.035 per share on Friday, February 28th. This represents a $0.42 annualized dividend and a yield of 14.24%. The ex-dividend date of this dividend is Friday, February 14th.

Oxford Square Capital has decreased its dividend payment by an average of 6.3% per year over the last three years. Oxford Square Capital has a payout ratio of 116.7% meaning 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 $0.36 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 116.7%.

Oxford Square Capital Stock Performance

Shares of OXSQ opened at $2.95 on Friday. The firm’s 50-day moving average is $2.89 and its two-hundred day moving average is $2.99. Oxford Square Capital has a twelve month low of $2.74 and a twelve month high of $3.29.

Oxford Square Capital (NASDAQ:OXSQ) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $11.45 million for the quarter. Oxford Square Capital had a negative net margin of 10.48% and a positive return on equity of 18.89%. During the same quarter in the prior year, the company earned $0.13 earnings per share.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Oxford Square Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th.

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.