Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) announced a monthly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors of record on Monday, June 16th will be given a dividend of 0.09 per share by the investment management company on Monday, June 30th. This represents a $1.08 dividend on an annualized basis and a yield of 21.30%. The ex-dividend date is Monday, June 16th.
Oxford Lane Capital has raised its dividend by an average of 18.9% per year over the last three years.
Oxford Lane Capital Price Performance
Shares of OXLC traded down $0.02 during mid-day trading on Wednesday, reaching $5.07. 4,615,534 shares of the company's stock traded hands, compared to its average volume of 4,571,477. Oxford Lane Capital has a 12 month low of $4.95 and a 12 month high of $5.78. The stock has a market cap of $1.75 billion, a P/E ratio of 3.62 and a beta of 1.15. The stock's 50-day moving average is $5.15 and its two-hundred day moving average is $5.27.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last released its earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.39).
Oxford Lane Capital Company Profile
(
Get Free Report)
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.
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