OXLC - Oxford Lane Capital Q4 Earnings: Strong Cash Generation Supports Dividend Raise
2024-05-17 09:00:00 ET
Summary
- Oxford Lane Capital Corporation has reported strong Q4 earnings and recently increased the dividend by 12.5%.
- Oxford Lane Capital primarily invests in collateralized loan obligations, or CLOs, with 94% of its portfolio consisting of CLO equity and the remaining 6% made up of CLO debt.
- The fund's net asset value has been growing consistently, and increased investment activity is expected to fuel further growth.
- OXLC's current dividend yield is 17.9% and the fund offers a dividend discount benefit that allows shares to be reinvested at a 5% discount.
Oxfored Lane Capital Overview
When initially covered Oxford Lane Capital Corporation ( OXLC ) a few months ago, I attempted to give an in-depth explanation of CLO (collateralized loan obligations) and also cover how funds like OXLC and ECC can cover these extremely high level of distribution. You can read my initial coverage titled "OXLC And ECC: Is The Massive Dividend Yield Worth The Risk?"...
Oxford Lane Capital Q4 Earnings: Strong Cash Generation Supports Dividend Raise