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

Oxford Lane Capital Corp. (NASDAQ:OXLC) 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 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 Price Performance

Oxford Lane Capital stock opened at $9.76 on Wednesday. The company has a market cap of $884.62 million, a PE ratio of 1.38 and a beta of 0.64. The company 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 12 month low of $8.01 and a 12 month high of $23.65.

Oxford Lane Capital (NASDAQ:OXLC) last released its quarterly earnings data on Tuesday, May 19th. The investment management company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $2.26 by ($1.23).

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.