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. Shareholders of record on Wednesday, September 16th will be paid a dividend of 0.20 per share by the investment management company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 24.6%. The ex-dividend date of this dividend is Wednesday, September 16th.

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 Price Performance

Shares of NASDAQ OXLC opened at $9.76 on Wednesday. The stock has a market capitalization of $884.62 million, a PE ratio of 1.38 and a beta of 0.64. The business has a fifty day moving average price of $9.60 and a two-hundred day moving average price of $11.91. Oxford Lane Capital has a fifty-two week low of $8.01 and a fifty-two week high of $23.65.

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

Oxford Lane Capital News Summary

Here are the key news stories impacting Oxford Lane Capital this week:

Oxford Lane Capital Company Profile

(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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