Oxford Square Capital Corp. (OXSQ) to Issue Monthly Dividend of $0.04 on November 29th

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a monthly dividend on Wednesday, August 14th,Wall Street Journal reports. Investors of record on Friday, November 15th will be paid a dividend of 0.035 per share on Friday, November 29th. This represents a $0.42 annualized dividend and a yield of 14.74%. The ex-dividend date is Friday, November 15th.

Oxford Square Capital has decreased its dividend 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. 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 OXSQ opened at $2.85 on Wednesday. Oxford Square Capital has a 1 year low of $2.74 and a 1 year high of $3.29. The company’s fifty day moving average is $2.89 and its two-hundred day moving average is $2.99.

Oxford Square Capital (NASDAQ:OXSQ) last issued its earnings results on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The company 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 18.58%. During the same quarter in the previous year, the firm posted $0.13 earnings per share.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Oxford Square Capital from a “hold” rating to a “sell” rating in a research note on Monday.

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.