Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) announced a monthly dividend on Tuesday, May 19th. Stockholders of record on Monday, August 17th will be given a dividend of 0.20 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 24.6%. The ex-dividend date of this dividend is Monday, August 17th.
Oxford Lane Capital has a dividend 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 Trading Down 1.6%
OXLC stock opened at $9.76 on Wednesday. Oxford Lane Capital has a twelve month low of $8.01 and a twelve month high of $23.65. The company has a market capitalization of $884.62 million, a P/E ratio of 1.38 and a beta of 0.64. The firm has a 50 day simple moving average of $9.60 and a 200-day simple moving average of $11.91.
About Oxford Lane Capital
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.
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