Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) announced a monthly dividend on Thursday, November 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 24.5%. The ex-dividend date is Friday, February 12th.
Oxford Lane Capital has a dividend payout ratio of 290.9% 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
Shares of OXLC stock opened at $4.90 on Friday. The company has a market capitalization of $480.35 million, a price-to-earnings ratio of 0.71 and a beta of 0.68. The company has a 50-day simple moving average of $8.39 and a 200 day simple moving average of $9.36. Oxford Lane Capital has a 52 week low of $4.62 and a 52 week high of $15.39.
Oxford Lane Capital (NASDAQ:OXLC – Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The investment management company reported $0.68 EPS for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.13). The company had revenue of $82.20 million for the quarter, compared to analyst estimates of $176.68 million.
Oxford Lane Capital Company Profile
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.
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