Oxford Lane Capital Corp. (NASDAQ:OXLC) Shares Set to Pay Monthly Dividend of $0.10

Oxford Lane Capital Corp. (NASDAQ:OXLC) 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 dividend yield of 24.5%. 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% 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 Trading Down 24.8%

Oxford Lane Capital stock opened at $4.90 on Friday. The stock has a market cap of $480.35 million, a P/E ratio of 0.71 and a beta of 0.68. The stock has a 50 day moving average of $8.39 and a 200-day 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) last released its quarterly earnings results on Thursday, November 5th. The investment management company reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($1.13). The firm 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.