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

Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend on Thursday, August 15th,Wall Street Journal reports. Shareholders of record on Tuesday, December 17th will be given a dividend of 0.035 per share on Tuesday, December 31st. This represents a $0.42 dividend on an annualized basis and a yield of 15.85%. The ex-dividend date of this dividend is Tuesday, December 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 150.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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

Oxford Square Capital stock opened at $2.65 on Friday. The company’s 50 day simple moving average is $2.80 and its 200-day simple moving average is $2.90. Oxford Square Capital has a 1 year low of $2.62 and a 1 year high of $3.29.

Analyst Ratings Changes

Separately, StockNews.com raised Oxford Square Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th.

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.