Oxford Lane Capital Corp. (OXLC) to Distribute Monthly Dividend of $0.10 on February 26th

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a monthly dividend on Thursday, November 5th. Stockholders of record on Friday, February 12th will be paid 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 dividend yield of 24.4%. The ex-dividend date of this dividend is Friday, February 12th.

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 Stock Up 0.4%

Shares of OXLC stock opened at $4.92 on Friday. The firm has a market cap of $482.31 million, a PE ratio of 0.72 and a beta of 0.68. The stock has a 50 day moving average of $8.29 and a 200-day moving average of $9.31. Oxford Lane Capital has a 12 month low of $4.62 and a 12 month high of $15.39.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings results on Thursday, November 5th. The investment management company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate 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.

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.