Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) declared a monthly dividend on Tuesday, November 5th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.09 per share by the investment management company on Monday, March 31st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 20.38%. The ex-dividend date of this dividend is Monday, March 17th.
Oxford Lane Capital has raised its dividend payment by an average of 4.7% annually over the last three years.
Oxford Lane Capital Price Performance
Oxford Lane Capital stock traded up $0.04 during mid-day trading on Tuesday, reaching $5.30. 1,587,373 shares of the stock traded hands, compared to its average volume of 3,222,758. The stock has a market capitalization of $1.70 billion, a PE ratio of 3.78 and a beta of 1.15. Oxford Lane Capital has a 12-month low of $4.82 and a 12-month high of $5.78. The business's 50-day moving average is $5.27 and its 200-day moving average is $5.35.
Oxford Lane Capital Company Profile
(
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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.
Further Reading
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