Oxford Lane Capital (NASDAQ:OXLCI – Get Free Report) is projected to release its results before the market opens on Friday, October 30th. Analysts expect Oxford Lane Capital to post earnings of $1.81 per share and revenue of $176.68 million for the quarter.
Oxford Lane Capital Price Performance
Shares of OXLCI stock opened at $25.14 on Thursday. The stock’s 50 day simple moving average is $25.42 and its 200 day simple moving average is $25.57. Oxford Lane Capital has a twelve month low of $25.00 and a twelve month high of $26.25.
Oxford Lane Capital Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be given a dividend of $0.5469 per share. The ex-dividend date of this dividend is Tuesday, December 15th. This represents a $2.19 dividend on an annualized basis and a yield of 8.7%.
Oxford Lane Capital Corp. is a closed-end investment company that seeks to provide income and preserve capital through investments in collateralized loan obligations (CLOs). The company primarily invests in the equity and junior debt tranches of CLOs, which are securities backed by portfolios of senior secured loans made to businesses.
Oxford Lane’s portfolio may also include other structured credit investments and debt securities related to CLO transactions. Its investments generally provide exposure to corporate lending markets in the United States and Europe, although the composition of the portfolio may change over time.
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