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

Key Points

• Oxford Square Capital Corp. has declared a monthly dividend of $0.04 per share, with an annualized dividend yield of 17.8%, set to be paid on December 31 to shareholders of record by December 17.
• The company has a high payout ratio of 175.0%, indicating it is currently covering its dividend through its balance sheet rather than its earnings.
• For the last quarter, Oxford Square Capital reported earnings per share of $0.08, meeting consensus estimates, but its revenue fell short at $9.52 million against expectations of $10.00 million.

Oxford Square Capital Corp. (NASDAQ:OXSQ - Get Free Report) announced a monthly dividend on Friday, August 8th, Wall Street Journal reports. Stockholders of record on Wednesday, December 17th will be given a dividend of 0.035 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 17.8%. The ex-dividend date is Wednesday, December 17th.

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. Research 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 NASDAQ:OXSQ traded up $0.04 during midday trading on Friday, hitting $2.36. 415,354 shares of the company's stock were exchanged, compared to its average volume of 500,366. The stock has a 50 day moving average price of $2.29 and a 200-day moving average price of $2.49. The company has a market cap of $179.43 million, a PE ratio of 236.00 and a beta of 0.66. 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 earnings results on Thursday, August 7th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $9.52 million for the quarter, compared to analysts' expectations of $10.00 million. Oxford Square Capital had a positive return on equity of 16.74% and a negative net margin of 1.12%.

About Oxford Square Capital

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.

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