Oxford Lane Capital Corp. Announces Monthly Dividend of $0.08 (NASDAQ:OXLC)

Key Points

• Oxford Lane Capital Corp. declared a monthly dividend of $0.08 per share, payable on October 31st to investors of record as of October 17th, representing a 5.8% annual yield.
• The company has a high dividend payout ratio of 98.2%, suggesting its current earnings support the dividend, but future sustainability may be in question if earnings decline.
• As of the latest stock performance, shares opened at $16.45 with a market capitalization of $1.49 billion and a price-to-earnings ratio of 3.96.

Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) announced a monthly dividend on Tuesday, July 22nd. Investors of record on Friday, October 17th will be given a dividend of 0.08 per share by the investment management company on Friday, October 31st. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date is Friday, October 17th.

Oxford Lane Capital has a dividend payout ratio of 98.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline.

Oxford Lane Capital Price Performance

Shares of Oxford Lane Capital stock opened at $16.45 on Wednesday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 3.96 and a beta of 0.79. Oxford Lane Capital has a 12 month low of $15.90 and a 12 month high of $27.44. The business has a 50-day moving average of $17.41 and a 200 day moving average of $20.17.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.

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