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

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a monthly dividend on Thursday, January 29th. Investors of record on Friday, May 15th will be paid a dividend of 0.20 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a yield of 19.8%. The ex-dividend date is Friday, May 15th.

Oxford Lane Capital has a dividend payout ratio of 509.1% indicating that 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 Stock Down 15.0%

NASDAQ:OXLC traded down $2.14 during mid-day trading on Friday, reaching $12.12. 8,167,207 shares of the company were exchanged, compared to its average volume of 1,425,625. The stock has a market cap of $1.10 billion, a PE ratio of 2.06 and a beta of 0.70. Oxford Lane Capital has a 12 month low of $11.96 and a 12 month high of $25.95. The company has a fifty day moving average of $14.47 and a 200 day moving average of $16.09.

Oxford Lane Capital (NASDAQ:OXLC) last released its earnings results on Wednesday, November 5th. The investment management company reported $1.24 EPS for the quarter, missing the consensus estimate of $2.25 by ($1.01). The firm had revenue of $128.30 million during the quarter, compared to the consensus estimate of $247.87 million.

Oxford Lane Capital Company Profile

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.