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

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

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

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

Oxford Lane Capital (NASDAQ:OXLCGet Free Report) last released its quarterly earnings data on Wednesday, November 5th. The investment management company reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $2.25 by ($1.01). The firm had revenue of $128.30 million during the quarter, compared to analysts’ expectations of $247.87 million.

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.

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Dividend History for Oxford Lane Capital (NASDAQ:OXLC)

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