Oxford Lane Capital Corp. (NASDAQ:OXLC) to Issue Monthly Dividend of $0.20

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.Get Oxford Lane Capital alerts: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.Read MoreFive stocks we like better than Oxford Lane CapitalALERT: Drop these 5 stocks before the market opens tomorrow!It’s finally happeningElon Taking SpaceX Public! $100 Pre-IPO Opportunity!End of America updateWhat a Former CIA Agent Knows About the Coming CollapseThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Oxford Lane Capital Right Now?Before you consider Oxford Lane Capital, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oxford Lane Capital wasn't on the list.While Oxford Lane Capital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here