Oxford Square Capital Corp. (NASDAQ:OXSQ) Plans $0.04 Monthly Dividend

Key Points

• Oxford Square Capital declared a monthly dividend of $0.035 per share, payable September 30 to shareholders of record September 16. The payment implies an annualized yield of approximately 31.3%.
• The dividend appears financially strained: the company’s payout ratio is 175%, meaning earnings do not fully cover distributions, while the dividend has declined slightly over the past three years.
• Oxford Square reported quarterly EPS of $0.05, above the $0.04 analyst consensus, and revenue of $9.40 million versus expectations of $8.32 million. Its stock opened at $1.34, within a 12-month range of $1.05 to $2.20.

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

Oxford Square Capital has decreased its dividend payment by an average of 0.1%per year 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 Monday. The company has a market capitalization of $144.33 million, a P/E ratio of -2.98 and a beta of 0.36. The firm has a 50-day moving average price of $1.43 and a two-hundred day moving average price of $1.56. Oxford Square Capital has a twelve month low of $1.05 and a twelve month high of $2.20.

Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The company reported $0.05 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.01. The firm had revenue of $9.40 million during the quarter, compared to analysts' expectations of $8.32 million. Oxford Square Capital had a positive return on equity of 14.41% and a negative net margin of 93.65%.

Institutional Investors Weigh In On Oxford Square Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Oxford Square Capital during the 1st quarter worth $28,000. Legal & General Group Plc boosted its stake in Oxford Square Capital by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 468,312 shares of the company's stock worth $1,042,000 after acquiring an additional 20,205 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Oxford Square Capital in the 2nd quarter valued at approximately $332,000. Jane Street Group LLC lifted its stake in Oxford Square Capital by 68.0% in the 2nd quarter. Jane Street Group LLC now owns 130,609 shares of the company's stock valued at $291,000 after acquiring an additional 52,857 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in shares of Oxford Square Capital by 167.2% in the third quarter. Squarepoint Ops LLC now owns 512,153 shares of the company's stock valued at $814,000 after acquiring an additional 320,467 shares during the last quarter. 6.44% of the stock is owned by hedge funds and other institutional investors.

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.

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