Oxford Square Capital Corp. (NASDAQ:OXSQ) Declares Monthly Dividend of $0.04
Oxford Square Capital Corp. (NASDAQ:OXSQ) declared a monthly dividend of $0.04 on November 4th, with shareholders of record on March 17th set to receive $0.035 per share on March 31st, reflecting a 22.3% yield. The company has a payout ratio of 175.0%, indicating reliance on its balance sheet for dividend payments. Analysts project earnings of $0.28 per share next year, suggesting potential challenges in covering the annual dividend of $0.42. The stock traded at $1.89, with a market cap of $147.10 million and a negative net margin of 3.35%.
Oxford Square Capital Corp. (NASDAQ:OXSQ - Get Free Report) declared a monthly dividend on Tuesday, November 4th. Stockholders of record on Tuesday, March 17th will be given a dividend of 0.035 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 22.3%. The ex-dividend date is Tuesday, March 17th.
Oxford Square Capital has decreased its dividend by an average of 0.1%annually over the last three years. Oxford Square Capital has a payout ratio of 175.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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%.
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Oxford Square Capital Trading Up 0.3%
Shares of NASDAQ:OXSQ traded up $0.01 during midday trading on Wednesday, hitting $1.89. The company had a trading volume of 217,879 shares, compared to its average volume of 627,889. Oxford Square Capital has a 12 month low of $1.56 and a 12 month high of $2.96. The stock has a market cap of $147.10 million, a price-to-earnings ratio of -94.25 and a beta of 0.62. The firm has a fifty day simple moving average of $1.91 and a 200 day simple moving average of $2.19.
Oxford Square Capital (NASDAQ:OXSQ - Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.07. Oxford Square Capital had a positive return on equity of 15.19% and a negative net margin of 3.35%.The business had revenue of $10.24 million for the quarter, compared to analyst estimates of $9.60 million.
Oxford Square Capital Company Profile
(Get Free Report)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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