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

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a monthly dividend on Thursday, November 5th. Investors 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 of this dividend 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 Trading Down 24.8%

NASDAQ:OXLC opened at $4.90 on Friday. The firm’s fifty day simple moving average is $8.39 and its 200 day simple moving average is $9.36. The firm has a market capitalization of $480.35 million, a price-to-earnings ratio of 0.71 and a beta of 0.68. Oxford Lane Capital has a twelve month low of $4.62 and a twelve month high of $15.39.

Oxford Lane Capital (NASDAQ:OXLC) last posted 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 during the quarter, compared to analyst estimates 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.