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

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a monthly dividend on Thursday, July 23rd. Investors of record on Friday, October 16th will be paid a dividend of $0.20 per share by the investment management company on Friday, October 30th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 28.8%. The ex-dividend date 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 opened at $8.34 on Wednesday. Oxford Lane Capital has a one year low of $8.01 and a one year high of $16.82. The company has a market cap of $817.57 million, a P/E ratio of 1.20 and a beta of 0.68. The business’s 50-day simple moving average is $9.23 and its 200-day simple moving average is $9.36.

Oxford Lane Capital (NASDAQ:OXLC) last issued its earnings results on Tuesday, July 28th. The investment management company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate 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

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.