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

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a monthly dividend on Thursday, January 29th. Shareholders of record on Tuesday, June 16th will be paid a dividend of 0.20 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 19.8%. The ex-dividend date of this dividend is Tuesday, June 16th.

Oxford Lane Capital has a dividend payout ratio of 509.1% 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 Stock Down 15.0%

Shares of NASDAQ:OXLC traded down $2.14 during midday trading on Friday, reaching $12.12. The company had a trading volume of 8,167,207 shares, compared to its average volume of 1,425,625. Oxford Lane Capital has a 1-year low of $11.96 and a 1-year high of $25.95. The stock has a market cap of $1.10 billion, a PE ratio of 2.06 and a beta of 0.70. The business’s 50 day moving average price is $14.47 and its 200 day moving average price is $16.09.

Oxford Lane Capital (NASDAQ:OXLC) last released its earnings results on Wednesday, November 5th. The investment management company reported $1.24 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($1.01). The company had revenue of $128.30 million for the quarter, compared to analyst estimates of $247.87 million.

Oxford Lane Capital Company Profile

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.