Oxford Lane Capital Corp (OXLC)

[texas_gal]

Thank you AlwaysRed!!

[AlwaysRed]

This is a banking stock. When interest rates get cut this stock will appreciate.

[texas_gal]

I am not committing to anything except the dividends are good. It has been awhile since the PPS has showed improvement.

[goodword88]

Are we looking a sustainable increase in stock price?

[texas_gal]

I didn't think of that but I see why.

[AlwaysRed]

Some people buy after the dividend is given out and then sell just before the dividend exdate.

[texas_gal]

Some people buy in to get the dividends and then sell after the dividends are given out.

[AlwaysRed]

Interest rates

[goodword88]

Why does this stock fluctuate like it does. Is this standard real estate activity?

[texas_gal]

Thank you!!

[bar1080]

Longer term chart reveals drop from $11 to $5.45, hugely denting the dividend income.

[bar1080]

There are certainly a lot of dips, if that's your goal. Suggests div cuts may be on the way.

[texas_gal]

I have been in OXLC for about a year. I buy the dips and enjoy the dividends.

[goodword88]

How long have you been in OXLC? I am only 3 months in.

[texas_gal]

Good for you! I also bought for the dividends.

[GO4AWILDRIDE]

goodword88

I remove the DIVI's to live on as I am retired and use OXLC and other DIVI paying companies for income.

GLTU

GO4AWILDRIDE

[goodword88]

Yes, the dividends are nice. Dividend reinvestment option is nice.

[GO4AWILDRIDE]

texas-gal

I have this in my account to collect the DIVI's.

So far so good.

This lastest uptick is making my account wayyyyy into the GREEN.

GLTU

GO4AWILDRIDE

[texas_gal]

I think so. I have been adding the dips.

[texas_gal]

I think so!! I have been adding the dips.

[goodword88]

OXLC making a comeback?

[texas_gal]

I loaded some 2 months ago and I am adding more tomorrow!!

[pray]

Adding 100 shares a week last two months. Looks good ....

[ROCKY LEDGE]

That's what you do. Imho.

Congrats!

OXLC

[ROCKY LEDGE]

Yup.....where you put your OTC winnings! Imho.

Ez.

OXLC

[OffTheGrid]

Adding

[ZZZ888]

How can you not love this dividend

[JTPD]

Up 6% today.

[theSauceman]

Wow! 0.81 / .0675 monthly! Beat my prediction by 1/3+ and the pessimistic guesses by a landslide! You hit it on the head Dividendz! I'm ready to rock!! We're still at 21%

[Anticipating]

Nice dip and recovery...OXLC!

[BRONSON]

I got out a long time ago

[Dividendz]

CEN still looks like on the dip and announced a reverse stock split... gotta look closer, they split already happen and you still in?

[Dividendz]

agreed, hoping for .06 to .07 monthly like they did with OXSQ cutting the dividend in half just recently.

[ClayTrader]

* * $OXLC Video Chart 06-01-2020 * *

Link to Video - click here to watch the technical chart video

[IanWhitfield]

Good guess.

Are you clairvoyant or is there news I can't find?

Is your dividend call why it is not even 11 AM, the volume today is more than the daily average and the stock is up 17%?

What's goin' on? Not complaining just curious.

[theSauceman]

Okay, I'll play...my guess on new div is .60 annual. Just a guess. .05 per month.

[Scotttrader80]

Management’s unaudited estimate of the range of our net asset value (“NAV”) per share of our common stock as of April 30, 2020 is between $2.67 and $2.77.

[thespiritofyah]

Is that your guess? If so then I'm thinking .06. I can't see it being higher than ECC's .08

[Scotttrader80]

9 cents per quarter is the new divy.

[huecares1]

On CEN is that .03 per quarter or .09?

[Scotttrader80]

I figure OXLC will come in around .05-.08 cents. Another company I follow $CEN was paying .1042 cents close to OXLC's .135 and they cut down to .03 then decided to pay quarterly. A lot of companies are cutting from lack of business over the Virus. 3rd Q across the board is going to be ugly no matter what the industry is.

Gotta have dry powder looking to scoop up bargains until the economy re-opens turning things around.

[thespiritofyah]

Some panicked after the statement made about OXLC cutting or suspending dividends. Who didn't know that they were going to cut reduce the dividend next quarter? I see it being cut in half but definitely not suspended

[Scotttrader80]

Everyone collecting divies have taken a beating. Companies need to self preserve. Its just business. The companies maintining their payouts will see a influx of divy chasers. Meanwhile the MM's are having a field day shorting. Bargains are being presented.

[thepat45]

They declared their dividend early in the year. I am not sure if they are able to make changes to it at this point. Either way, the dividend stock portion of my portfolio has taken a terrible beating..

[Scotttrader80]

Amidst todays turmoil where everyone is cutting dividends Im happy to see OXLC is staying the course.

[thepat45]

Agreed... Dividend has been declared through June. Great buy and hold.

[Bearstopper]

This stock is basically free right now. Loading up!

[Bearstopper]

Oxford Lane plans offering new series of preferred shares

Feb. 4, 2020 4:06 PMOxford Lane Capital (OXLC)By: Liz Kiesche, SA News Editor

Oxford Lane Capital (NASDAQ:OXLC) plans to offer its newly designated series 2027 term preferred shares in a public offering.
The offering price and other terms are to be determined by negotiations between the company and the underwriters.
Plans to grant additional shares of preferred stock via greenshoe option.
Intends to use  proceeds for acquiring investments in the company’s investment objective and strategies, general working capital purposes and/or to redeem a portion of its outstanding 7.50% series 2023 term preferred shares.
As of Feb. 3, 2020, OXLC had ~$90.4M in aggregate principal value outstanding of its series 2023 term preferred shares.

[Bearstopper]

Totally agree. When you apply DRIP you are compounding those babies every months. This is my passive income generator.

[Scotttrader80]

OXLC has maintained their .135 cents for years, Im glad they went with monthly divs versus the .40 they used to pay quarterly.