Oxford Lane Capital Corp. (OXLC) to Issue Monthly Dividend of $0.40 on January 30th

Oxford Lane Capital Corp. (NASDAQ:OXLCGet Free Report) declared a monthly dividend on Friday, October 24th. Shareholders of record on Friday, January 16th will be paid a dividend of 0.40 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 32.6%. The ex-dividend date is Friday, January 16th. This is a 400.0% increase from Oxford Lane Capital’s previous monthly dividend of $0.08.

Oxford Lane Capital has a payout ratio of 513.6% 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 Performance

Shares of Oxford Lane Capital stock traded down $0.02 during trading on Wednesday, hitting $14.75. 313,646 shares of the stock were exchanged, compared to its average volume of 948,718. Oxford Lane Capital has a 12 month low of $12.88 and a 12 month high of $25.95. The stock has a market cap of $1.34 billion, a PE ratio of 2.16 and a beta of 0.70. The stock’s fifty day moving average is $14.44 and its 200 day moving average is $16.56.

Oxford Lane Capital (NASDAQ:OXLCGet Free Report) last released its earnings results on Wednesday, November 5th. The investment management company reported $1.24 earnings per share (EPS) 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 the consensus estimate of $247.87 million.

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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