Oxford Lane Capital Corp. (OXLC) to Distribute Monthly Dividend of $0.20 on August 31st

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a monthly dividend on Thursday, May 14th. Investors of record on Monday, August 17th will be paid a dividend of 0.20 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 25.0%. The ex-dividend date is Monday, August 17th.

Oxford Lane Capital has a payout ratio of 350.0% 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 1.2%

OXLC opened at $9.61 on Friday. Oxford Lane Capital has a 52 week low of $8.01 and a 52 week high of $19.05. The stock has a market cap of $871.02 million, a PE ratio of 1.38 and a beta of 0.63. The business has a 50 day moving average of $8.94 and a 200-day moving average of $9.55.

Oxford Lane Capital (NASDAQ:OXLC) last issued its quarterly earnings results on Tuesday, July 28th. The investment management company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($1.31). The company had revenue of $166.25 million during the quarter, compared to the consensus estimate of $244.27 million.

About Oxford Lane Capital

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.