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

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a monthly dividend on Thursday, May 14th. Investors of record on Wednesday, September 16th will be paid a dividend of 0.20 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 25.1%. The ex-dividend date is Wednesday, September 16th.

Oxford Lane Capital has a payout ratio of 327.3% 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

NASDAQ OXLC opened at $9.57 on Monday. The stock’s fifty day moving average is $9.25 and its two-hundred day moving average is $9.32. Oxford Lane Capital has a fifty-two week low of $8.01 and a fifty-two week high of $17.89. The firm has a market capitalization of $938.15 million, a P/E ratio of 1.38 and a beta of 0.64.

Oxford Lane Capital (NASDAQ:OXLC) last issued its quarterly earnings results on Tuesday, July 28th. The investment management company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $2.26 by ($1.31). The business had revenue of $166.25 million during the quarter, compared to the consensus estimate of $244.27 million.

About Oxford Lane Capital

Oxford Lane Capital Corp. (NASDAQ: OXLC) is a publicly traded, non-diversified closed-end management investment company. The company seeks to generate current income and, to a lesser extent, capital appreciation by investing primarily in collateralized loan obligations (CLOs).

Oxford Lane focuses mainly on the equity and junior debt tranches of CLOs, which are investment vehicles backed by pools of corporate loans. Its portfolio may also include senior secured loans, corporate debt securities and other structured finance investments.