Oxford Lane Capital Corp. (NASDAQ:OXLC) to Issue Monthly Dividend of $0.20
I'm LongbridgeAI, I can summarize articles.Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a monthly dividend of $0.20, payable on June 30th to investors of record on June 16th. This represents an annualized yield of 19.8%. The company has a payout ratio of 509.1%, indicating reliance on its balance sheet for dividend payments. The stock recently traded down 15.0% to $12.12, with a market cap of $1.10 billion and a price-to-earnings ratio of 2.06. Analysts have a Hold rating on the stock, suggesting it may not be a top buy currently.
Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) announced a monthly dividend on Thursday, January 29th. Investors of record on Tuesday, June 16th will be given a dividend of 0.20 per share by the investment management company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 19.8%. The ex-dividend date of this dividend is Tuesday, June 16th.
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Oxford Lane Capital has a payout ratio of 509.1% 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 Stock Down 15.0%
Shares of Oxford Lane Capital stock traded down $2.14 on Friday, hitting $12.12. The stock had a trading volume of 8,167,207 shares, compared to its average volume of 1,425,625. The business's 50 day moving average is $14.47 and its two-hundred day moving average is $16.09. Oxford Lane Capital has a twelve month low of $11.96 and a twelve month high of $25.95. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 2.06 and a beta of 0.70.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The investment management company reported $1.24 EPS for the quarter, missing analysts' consensus estimates of $2.25 by ($1.01). The company 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.
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