Oxford Square Capital Corp (NASDAQ:OXSQ) declared a monthly dividend on Friday, February 22nd, NASDAQ reports. Shareholders of record on Tuesday, April 23rd will be paid a dividend of 0.067 per share on Tuesday, April 30th. This represents a $0.80 dividend on an annualized basis and a yield of 12.60%. The ex-dividend date is Monday, April 22nd.
Oxford Square Capital has a dividend payout ratio of 117.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
OXSQ stock opened at $6.38 on Wednesday. Oxford Square Capital has a fifty-two week low of $5.89 and a fifty-two week high of $7.52. The company has a market capitalization of $302.58 million, a P/E ratio of 9.52 and a beta of 0.50.
Several research firms recently weighed in on OXSQ. National Securities restated a “sell” rating and issued a $5.00 price objective on shares of Oxford Square Capital in a research report on Monday, March 4th. TheStreet upgraded shares of Oxford Square Capital from a “c+” rating to a “b-” rating in a research report 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 price objective for the company in a research report on Saturday, March 2nd. Finally, Barclays set a $5.00 price objective on shares of Oxford Square Capital and gave the stock a “sell” rating in a research report on Tuesday, January 22nd.
A hedge fund recently bought a new stake in Oxford Square Capital stock. Geode Capital Management LLC acquired a new stake in Oxford Square Capital Corp (NASDAQ:OXSQ) during the 4th quarter, according to its most recent disclosure with the SEC. The fund 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 at the end of the most recent quarter. 15.35% of the stock is owned by institutional investors and hedge funds.
About Oxford Square Capital
Oxford Square Capital Corp. is a business development company, which engages in the provision of capital to established businesses, investing in syndicated bank loans and purchasing debt and equity tranches of collateralized loan obligations. The company was founded on July 21, 2003 and is headquartered in Greenwich, CT.
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