Oxford Square Capital Corp (NASDAQ:OXSQ) declared a monthly dividend on Tuesday, May 7th, Wall Street Journal reports. Stockholders of record on Friday, August 23rd will be given a dividend of 0.067 per share on Friday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 12.60%. The ex-dividend date of this dividend is Thursday, August 22nd.
Oxford Square Capital has a payout ratio of 117.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Oxford Square Capital to earn $0.70 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 114.3%.
OXSQ stock opened at $6.38 on Wednesday. The company has a fifty day moving average price of $6.52 and a 200-day moving average price of $6.51. The company has a market capitalization of $300.68 million, a P/E ratio of 9.52 and a beta of 0.46. Oxford Square Capital has a 52-week low of $5.89 and a 52-week high of $7.52.
Oxford Square Capital (NASDAQ:OXSQ) last announced its earnings results on Tuesday, July 30th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.09. Oxford Square Capital had a negative net margin of 34.20% and a positive return on equity of 11.75%. The business had revenue of $20.91 million during the quarter. As a group, sell-side analysts expect that Oxford Square Capital will post 0.8 earnings per share for the current year.
A number of brokerages recently weighed in on OXSQ. Zacks Investment Research downgraded shares of Oxford Square Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. TheStreet raised shares of Oxford Square Capital from a “c+” rating to a “b-” rating in a research note on Monday, July 29th. LADENBURG THALM/SH SH downgraded shares of Oxford Square Capital from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Finally, National Securities reissued a “sell” rating and set a $5.00 target price on shares of Oxford Square Capital in a research note on Monday, May 6th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. Oxford Square Capital has a consensus rating of “Hold” and a consensus target price of $5.67.
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.
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