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

Oxford Square Capital Corp. (NASDAQ:OXSQ - Get Free Report) declared a monthly dividend on Monday, April 28th, Wall Street Journal reports. Shareholders of record on Tuesday, September 16th will be given a dividend of 0.035 per share on Tuesday, September 30th. This represents a $0.42 annualized dividend and a dividend yield of 16.67%. The ex-dividend date of this dividend is Tuesday, September 16th.

Oxford Square Capital has raised its dividend by an average of 6.5% per year over the last three years.

Oxford Square Capital Price Performance

Shares of OXSQ traded down $0.02 during trading hours on Friday, hitting $2.52. 446,152 shares of the company were exchanged, compared to its average volume of 424,340. The firm has a fifty day simple moving average of $2.59 and a 200-day simple moving average of $2.66. The company has a market capitalization of $175.87 million, a PE ratio of -25.20 and a beta of 0.73. Oxford Square Capital has a one year low of $2.28 and a one year high of $3.28.

Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.01. The firm had revenue of $10.16 million for the quarter, compared to analysts' expectations of $9.90 million. Oxford Square Capital had a positive return on equity of 18.58% and a negative net margin of 10.48%. During the same quarter last year, the business posted $0.11 EPS.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Oxford Square Capital from a "sell" rating to a "hold" rating in a report on Saturday, April 26th.

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.