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

Oxford Square Capital Corp. (NASDAQ:OXSQ - Get Free Report) announced a dividend on Wednesday, July 16th, investing.com reports. Stockholders of record on Friday, July 18th will be paid a dividend of 0.035 per share on Thursday, July 31st. This represents a dividend yield of 17.65%. The ex-dividend date is Thursday, July 17th.

Oxford Square Capital has a dividend payout ratio of 175.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Trading Up 2.1%

OXSQ traded up $0.05 during mid-day trading on Wednesday, hitting $2.38. 917,277 shares of the stock were exchanged, compared to its average volume of 478,399. The firm's fifty day moving average is $2.32 and its two-hundred day moving average is $2.52. Oxford Square Capital has a 1-year low of $2.14 and a 1-year high of $3.07. The company has a market cap of $180.94 million, a PE ratio of 238.00 and a beta of 0.65.

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 (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $10.16 million for 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 in the prior year, the company earned $0.11 earnings per share.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Oxford Square Capital

A hedge fund recently bought a new stake in Oxford Square Capital stock. Dynamic Technology Lab Private Ltd acquired a new stake in Oxford Square Capital Corp. (NASDAQ:OXSQ - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,614 shares of the company's stock, valued at approximately $28,000. 6.44% of the stock is currently owned by hedge funds and other institutional investors.

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.

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