Oxford Square Capital Corp. (OXSQ) to Issue Dividend of $0.04 on July 31st

Oxford Square Capital Corp. (NASDAQ:OXSQ) announced a dividend on Thursday, April 25th, NASDAQ reports. Stockholders of record on Wednesday, July 17th will be given a dividend of 0.035 per share on Wednesday, July 31st. The ex-dividend date of this dividend is Wednesday, July 17th.

Oxford Square Capital has decreased its dividend by an average of 6.3% annually over the last three years. Oxford Square Capital has a dividend payout ratio of 116.7% meaning 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 $0.36 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 116.7%.

Oxford Square Capital Price Performance

Oxford Square Capital stock opened at $3.01 on Monday. The stock has a market capitalization of $179.76 million, a PE ratio of 17.71 and a beta of 1.11. Oxford Square Capital has a 12 month low of $2.82 and a 12 month high of $3.29. The business has a 50 day simple moving average of $3.06 and a 200-day simple moving average of $3.08.

Oxford Square Capital (NASDAQ:OXSQ) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.11 EPS for the quarter. Oxford Square Capital had a return on equity of 17.71% and a net margin of 18.57%. The firm had revenue of $10.68 million during the quarter.

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.