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

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a monthly dividend on Thursday, November 5th. Investors of record on Wednesday, March 17th will be paid a dividend of $0.10 per share by the investment management company on Wednesday, March 31st. This represents a $1.20 dividend on an annualized basis and a yield of 24.5%. The ex-dividend date is Wednesday, March 17th.

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 Performance

Oxford Lane Capital stock opened at $4.90 on Friday. Oxford Lane Capital has a fifty-two week low of $4.62 and a fifty-two week high of $15.39. The stock has a market cap of $480.35 million, a price-to-earnings ratio of 0.71 and a beta of 0.68. The stock’s 50 day simple moving average is $8.39 and its two-hundred day simple moving average is $9.36.

Oxford Lane Capital (NASDAQ:OXLC) last announced its earnings results on Thursday, November 5th. The investment management company reported $0.68 EPS 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 analysts’ expectations 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.