Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) announced a monthly dividend on Thursday, January 29th. Shareholders of record on Friday, May 15th will be given a dividend of 0.20 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 23.8%. The ex-dividend date is Friday, May 15th.
Oxford Lane Capital has a payout ratio of 459.1% 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 Trading Down 0.4%
Shares of OXLC opened at $10.07 on Wednesday. Oxford Lane Capital has a twelve month low of $8.01 and a twelve month high of $24.90. The firm’s fifty day simple moving average is $9.44 and its 200-day simple moving average is $12.10. The firm has a market capitalization of $912.71 million, a price-to-earnings ratio of 1.38 and a beta of 0.64.
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.
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