Oxford Square Capital Corp (NASDAQ:OXSQ) declared a monthly dividend on Tuesday, May 7th, Wall Street Journal reports. Stockholders of record on Wednesday, July 24th will be paid a dividend of 0.067 per share on Wednesday, July 31st. This represents a $0.80 annualized dividend and a dividend yield of 12.41%. The ex-dividend date of this dividend is Tuesday, July 23rd.
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.
Shares of OXSQ opened at $6.48 on Wednesday. Oxford Square Capital has a 12 month low of $5.89 and a 12 month high of $7.52. The firm has a market cap of $308.77 million, a PE ratio of 9.67 and a beta of 0.49.
A number of research analysts recently issued reports on the stock. National Securities reiterated a “sell” rating and issued a $5.00 target price on shares of Oxford Square Capital in a research note on Monday, March 4th. TheStreet upgraded shares of Oxford Square Capital from a “c+” rating to a “b-” rating in a research note on Friday, February 22nd. Zacks Investment Research upgraded shares of Oxford Square Capital from a “hold” rating to a “buy” rating and set a $7.75 target price on the stock in a research note on Saturday, March 2nd. Finally, Barclays set a $5.00 target price on shares of Oxford Square Capital and gave the company a “sell” rating in a research note on Tuesday, January 22nd.
An institutional investor recently bought a new position in Oxford Square Capital stock. Geode Capital Management LLC bought a new stake in Oxford Square Capital Corp (NASDAQ:OXSQ) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 47,356 shares of the company’s stock, valued at approximately $306,000. Geode Capital Management LLC owned about 0.10% of Oxford Square Capital at the end of the most recent quarter. 14.92% of the stock is owned by institutional investors.
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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.
Read More: Ex-Dividend
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