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

Oxford Square Capital Corp. (NASDAQ:OXSQ - Get Free Report) declared a dividend on Thursday, July 17th, 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 18.03%. The ex-dividend date of this dividend is Thursday, July 17th.

Oxford Square Capital has a dividend 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 Stock Performance

Shares of OXSQ stock traded down $0.01 on Monday, hitting $2.32. 472,889 shares of the company's stock traded hands, compared to its average volume of 481,077. Oxford Square Capital has a one year low of $2.14 and a one year high of $3.07. The stock has a market capitalization of $176.39 million, a price-to-earnings ratio of 232.00 and a beta of 0.65. The company's fifty day simple moving average is $2.31 and its 200 day simple moving average is $2.52.

Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The company reported $0.09 earnings per share (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 analyst estimates 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 firm posted $0.11 earnings per share.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Oxford Square Capital from a "hold" rating to a "sell" rating in a report 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.