Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) declared a monthly dividend on Thursday, November 5th. Shareholders of record on Friday, January 15th will be paid a dividend of $0.10 per share by the investment management company on Friday, January 29th. This represents a $1.20 dividend on an annualized basis and a yield of 24.4%. The ex-dividend date is Friday, January 15th. This is a 50.0% decrease from Oxford Lane Capital’s previous monthly dividend of $0.20.
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 Stock Performance
Oxford Lane Capital stock opened at $4.92 on Friday. The company has a 50 day moving average price of $8.29 and a 200-day moving average price of $9.31. The company has a market capitalization of $482.31 million, a PE ratio of 0.72 and a beta of 0.68. 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 – Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The investment management company reported $0.68 EPS for the quarter, missing the consensus estimate of $1.81 by ($1.13). The business had revenue of $82.20 million during 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.
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