Oxford Square Capital Corp (NASDAQ:OXSQ) declared a monthly dividend on Monday, March 4th, Wall Street Journal reports. Stockholders of record on Friday, May 24th will be paid a dividend of 0.067 per share on Friday, May 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.64%. The ex-dividend date is Thursday, May 23rd. This is an increase from Oxford Square Capital’s previous monthly dividend of $0.07.
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 $0.73 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 109.6%.
Shares of NASDAQ OXSQ opened at $6.36 on Friday. Oxford Square Capital has a one year low of $5.89 and a one year high of $7.52. The firm has a market cap of $301.15 million, a PE ratio of 8.90 and a beta of 0.49.
An institutional investor recently bought a new position in Oxford Square Capital stock. Geode Capital Management LLC acquired a new position in shares of Oxford Square Capital Corp (NASDAQ:OXSQ) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 47,356 shares of the company’s stock, valued at approximately $306,000. Geode Capital Management LLC owned approximately 0.10% of Oxford Square Capital as of its most recent filing with the Securities and Exchange Commission. 14.86% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently commented on OXSQ shares. National Securities reaffirmed a “sell” rating and set a $5.00 price target on shares of Oxford Square Capital in a research report on Monday, May 6th. TheStreet raised Oxford Square Capital from a “c+” rating to a “b-” rating in a research report on Friday, February 22nd. Barclays set a $5.00 price objective on Oxford Square Capital and gave the stock a “sell” rating in a report on Tuesday, January 22nd. Finally, Zacks Investment Research raised Oxford Square Capital from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a report on Saturday, March 2nd.
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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.
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