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

Oxford Lane Capital Corp. (NASDAQ:OXLCGet Free Report) declared a monthly dividend on Tuesday, May 19th. Shareholders 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 is Monday, August 17th.

Oxford Lane Capital has a 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 OXLC stock opened at $9.76 on Wednesday. The stock has a 50 day moving average of $9.60 and a 200 day moving average of $11.91. Oxford Lane Capital has a twelve month low of $8.01 and a twelve month high of $23.65. The stock has a market cap of $884.62 million, a P/E 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 (EPS) for the quarter, missing analysts’ consensus estimates 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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