Oxford Lane Capital Corp. (NASDAQ:OXLC) Announces $0.20 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCGet Free Report) declared a monthly dividend on Tuesday, May 19th. Stockholders of record on Friday, July 17th will be paid a dividend of 0.20 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 24.6%. The ex-dividend date of this dividend is Friday, July 17th.

Oxford Lane Capital has a payout ratio of 395.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Oxford Lane Capital Price Performance

NASDAQ OXLC opened at $9.76 on Wednesday. The firm’s fifty day moving average price is $9.60 and its 200 day moving average price is $11.91. Oxford Lane Capital has a 12 month low of $8.01 and a 12 month high of $23.65. The company has a market capitalization of $884.62 million, a price-to-earnings ratio of 1.38 and a beta of 0.64.

Oxford Lane Capital (NASDAQ:OXLCGet Free Report) last announced its quarterly earnings results on Tuesday, May 19th. The investment management company reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.26 by ($1.23).

Oxford Lane Capital Company Profile

(Get Free Report)

Oxford Lane Capital Corp is a closed-end, externally managed investment company that seeks to generate high current income and capital appreciation. The company invests primarily in debt and equity securities of private funds managed or advised by Oxford Finance LLC, targeting U.S. middle-market companies. Its portfolio spans senior secured loans, mezzanine debt and private equity interests, providing diversification across credit instruments and industry sectors.

Established in 2009 and based in Greenwich, Connecticut, Oxford Lane Capital commenced operations in 2012.

See Also

Dividend History for Oxford Lane Capital (NASDAQ:OXLC)

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