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

Oxford Lane Capital Corp. (NASDAQ:OXLCGet Free Report) declared a monthly dividend on Tuesday, May 19th. Investors 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 yield of 24.6%. The ex-dividend date is Friday, July 17th.

Oxford Lane Capital has a dividend payout ratio of 395.5% 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 Trading Down 1.6%

Shares of NASDAQ:OXLC opened at $9.76 on Wednesday. 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 has a 12 month low of $8.01 and a 12 month high of $23.65. The firm’s 50-day moving average is $9.60 and its 200 day moving average is $11.91.

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

About Oxford Lane Capital

(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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