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

Oxford Square Capital Corp. (NASDAQ:OXSQ - Get Free Report) declared a dividend on Thursday, July 17th, investing.com reports. Investors of record on Friday, July 18th will be paid a dividend of 0.035 per share on Thursday, July 31st. This represents a yield of 18.03%. The ex-dividend date of this dividend is Thursday, July 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. 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 down $0.05 during trading on Thursday, hitting $2.33. 620,994 shares of the company were exchanged, compared to its average volume of 478,982. The stock has a market capitalization of $177.15 million, a P/E ratio of 233.00 and a beta of 0.65. Oxford Square Capital has a 12-month low of $2.14 and a 12-month high of $3.07. The firm's 50 day moving average price is $2.31 and its 200-day moving average price is $2.52.

Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) last announced its 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 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 period in the previous year, the company posted $0.11 EPS.

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) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,614 shares of the company's stock, valued at approximately $28,000. Institutional investors own 6.44% of the company's stock.

Analyst Ratings Changes

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.

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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