Oxford Lane Capital Corp. (NASDAQ:OXLC) Shareholders to Receive $0.20 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) announced a monthly dividend on Thursday, July 23rd. Stockholders of record on Friday, October 16th will be given a dividend of $0.20 per share by the investment management company on Friday, October 30th. This represents a $2.40 annualized dividend and a dividend yield of 28.8%. The ex-dividend date of this dividend is Friday, October 16th.

Oxford Lane Capital has a payout ratio of 345.5% 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 Performance

OXLC stock opened at $8.34 on Wednesday. Oxford Lane Capital has a 1 year low of $8.01 and a 1 year high of $16.82. The stock has a 50-day simple moving average of $9.23 and a 200-day simple moving average of $9.36. The firm has a market cap of $817.57 million, a P/E ratio of 1.20 and a beta of 0.68.

Oxford Lane Capital (NASDAQ:OXLC – Get Free Report) last posted its earnings results on Tuesday, July 28th. The investment management company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $2.26 by ($1.31). The firm had revenue of $166.25 million for the quarter, compared to analyst estimates of $244.27 million.

Oxford Lane Capital Company Profile

(Get Free Report)

Oxford Lane Capital Corp. (NASDAQ: OXLC) is a closed-end management investment company focused on investing in collateralized loan obligations (CLOs). The company primarily seeks exposure to the equity and junior debt tranches of CLO vehicles, which are backed largely by portfolios of senior secured loans made to companies.

Through its CLO investments, Oxford Lane seeks to generate current income and, to a lesser extent, capital appreciation. Its portfolio may also include other structured finance investments and related debt instruments.

Further Reading

Dividend History for Oxford Lane Capital (NASDAQ:OXLC)

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