Oxford Lane Capital Corp. (OXLC) to Issue Monthly Dividend of $0.20 on June 30th

Oxford Lane Capital Corp. (NASDAQ:OXLCGet Free Report) declared a monthly dividend on Thursday, January 29th. Investors 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 dividend yield of 26.5%. The ex-dividend date is Tuesday, June 16th.

Oxford Lane Capital has a payout ratio of 395.5% 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 1.4%

Shares of NASDAQ OXLC opened at $9.07 on Friday. Oxford Lane Capital has a 52 week low of $8.01 and a 52 week high of $21.95. The firm’s fifty day moving average is $9.89 and its 200 day moving average is $11.32. The company has a market cap of $822.08 million, a price-to-earnings ratio of 1.40 and a beta of 0.63.

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.

Further Reading

Dividend History for Oxford Lane Capital (NASDAQ:OXLC)

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