Oxford Lane Capital Corp. (OXLC) To Go Ex-Dividend on October 16th

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a monthly dividend on Thursday, July 23rd. Shareholders 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 annualized dividend and a yield of 28.8%. The ex-dividend date is Friday, October 16th.

Oxford Lane Capital has a dividend payout ratio of 345.5% 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 Price Performance

NASDAQ OXLC opened at $8.34 on Wednesday. Oxford Lane Capital has a 1-year low of $8.01 and a 1-year high of $16.82. The company has a market capitalization of $817.57 million, a P/E ratio of 1.20 and a beta of 0.68. The business has a 50 day moving average price of $9.23 and a 200 day moving average price of $9.36.

Oxford Lane Capital (NASDAQ:OXLC) last released its quarterly earnings data on Tuesday, July 28th. The investment management company reported $0.95 EPS for the quarter, missing the consensus estimate of $2.26 by ($1.31). The company 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.