Oxford Lane Capital Corp. (OXLC) to Issue Monthly Dividend of $0.40 on February 27th

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a monthly dividend on Friday, October 24th. Stockholders of record on Friday, February 13th will be paid a dividend of 0.40 per share by the investment management company on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 45.4%. The ex-dividend date of this dividend is Friday, February 13th.

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 Performance

OXLC stock traded up $0.24 during midday trading on Wednesday, reaching $10.58. The company’s stock had a trading volume of 665,317 shares, compared to its average volume of 1,768,329. Oxford Lane Capital has a 1 year low of $10.26 and a 1 year high of $25.85. The firm has a market capitalization of $958.49 million, a price-to-earnings ratio of 1.61 and a beta of 0.73. The stock has a fifty day simple moving average of $13.94 and a two-hundred day simple moving average of $15.57.

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.