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

Oxford Square Capital Corp. (NASDAQ:OXSQ - Get Free Report) announced a monthly dividend on Friday, November 8th,Wall Street Journal reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.035 per share on Monday, March 31st. This represents a $0.42 annualized dividend and a dividend yield of 14.43%. The ex-dividend date of this dividend is Monday, March 17th.

Oxford Square Capital has decreased its dividend payment 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 Stock Down 1.4 %

NASDAQ:OXSQ traded down $0.04 on Friday, reaching $2.91. The stock had a trading volume of 511,941 shares, compared to its average volume of 316,327. The company has a market capitalization of $185.54 million, a P/E ratio of -29.50 and a beta of 1.10. Oxford Square Capital has a 1-year low of $2.74 and a 1-year high of $3.29. The stock has a fifty day moving average price of $2.89 and a 200-day moving average price of $2.99.

Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The firm had revenue of $11.45 million during the quarter. Oxford Square Capital had a positive return on equity of 18.89% and a negative net margin of 10.48%. During the same period in the prior year, the firm posted $0.13 earnings per share.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Oxford Square Capital from a "sell" rating to a "hold" rating in a research note on Wednesday, August 14th.

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.