Oxford Square Capital Corp. Announces Dividend of $0.04 (NASDAQ:OXSQ)

Oxford Square Capital Corp. (NASDAQ:OXSQ - Get Free Report) declared a dividend on Tuesday, April 22nd, NASDAQ Dividends reports. Investors of record on Friday, August 15th will be given a dividend of 0.035 per share on Friday, August 29th. The ex-dividend date of this dividend is Friday, August 15th.

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. Equities 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 Stock Performance

Oxford Square Capital stock traded down $0.01 during mid-day trading on Friday, reaching $2.33. The company's stock had a trading volume of 356,245 shares, compared to its average volume of 478,692. The company has a market capitalization of $176.77 million, a price-to-earnings ratio of 232.50 and a beta of 0.65. The business's 50 day simple moving average is $2.31 and its 200 day simple moving average is $2.52. Oxford Square Capital has a 12 month low of $2.14 and a 12 month high of $3.07.

Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $10.16 million during the quarter, compared to analysts' expectations of $9.90 million. Oxford Square Capital had a negative net margin of 1.12% and a positive return on equity of 16.74%. During the same quarter last year, the company posted $0.11 earnings per share.

Institutional Trading of Oxford Square Capital

An institutional investor recently bought a new position in Oxford Square Capital stock. Dynamic Technology Lab Private Ltd bought a new position in shares of Oxford Square Capital Corp. (NASDAQ:OXSQ - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,614 shares of the company's stock, valued at approximately $28,000. 6.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Oxford Square Capital from a "hold" rating to a "sell" rating in a research note on Sunday, May 4th.

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.