Oxford Lane Capital Corp. (NASDAQ:OXLC) Shareholders Set to Receive $0.10 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a monthly dividend on Thursday, November 5th. Shareholders of record on Friday, February 12th will be given a dividend of $0.10 per share by the investment management company on Friday, February 26th. This represents a $1.20 annualized dividend and a yield of 24.5%. The ex-dividend date is Friday, February 12th.

Oxford Lane Capital has a payout ratio of 290.9% 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 Price Performance

Oxford Lane Capital stock opened at $4.90 on Friday. The firm has a market capitalization of $480.35 million, a PE ratio of 0.71 and a beta of 0.68. The company’s 50-day moving average is $8.39 and its 200-day moving average is $9.36. Oxford Lane Capital has a fifty-two week low of $4.62 and a fifty-two week high of $15.39.

Oxford Lane Capital (NASDAQ:OXLC) last issued its earnings results on Thursday, November 5th. The investment management company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.13). The firm had revenue of $82.20 million for the quarter, compared to the consensus estimate of $176.68 million.

About Oxford Lane Capital

Oxford Lane Capital Corp. (NASDAQ: OXLC) is a closed-end management investment company focused primarily on investments in collateralized loan obligations (CLOs). CLOs are structured credit vehicles that typically hold portfolios of senior secured corporate loans and issue multiple classes of debt and equity securities with different levels of risk and return.

The company invests mainly in CLO equity and subordinated debt tranches, as well as selected senior secured loan and other corporate credit investments.