Oxford Lane Capital (OXLC) to Release Earnings on Friday

Oxford Lane Capital (NASDAQ:OXLC) is projected to issue its quarterly earnings data before the market opens on Friday, January 24th. Analysts expect the company to announce earnings of $0.67 per share and revenue of $183,420.00 billion for the quarter.

Oxford Lane Capital Price Performance

Oxford Lane Capital stock opened at $5.06 on Thursday. The business has a fifty day moving average price of $5.16 and a 200-day moving average price of $5.29. Oxford Lane Capital has a 1-year low of $4.95 and a 1-year high of $5.78. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 3.61 and a beta of 1.15.

Oxford Lane Capital Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 20th will be paid a $0.09 dividend. This represents a yield of 21.26%. The ex-dividend date is Friday, January 17th. Oxford Lane Capital’s dividend payout ratio (DPR) is presently 73.57%.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.