Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) announced a monthly dividend on Friday, March 28th, Wall Street Journal reports. Stockholders of record on Tuesday, September 16th will be paid a dividend of 0.09 per share by the investment management company on Tuesday, September 30th. This represents a $1.08 annualized dividend and a dividend yield of 22.88%. The ex-dividend date of this dividend is Tuesday, September 16th.
Oxford Lane Capital has raised its dividend payment by an average of 14.7% per year over the last three years.
Oxford Lane Capital Stock Up 1.5 %
OXLC stock traded up $0.07 during midday trading on Monday, reaching $4.72. The company's stock had a trading volume of 5,376,468 shares, compared to its average volume of 4,721,470. The business's 50-day simple moving average is $4.95 and its 200-day simple moving average is $5.12. Oxford Lane Capital has a 52 week low of $4.01 and a 52 week high of $5.78. The stock has a market cap of $1.63 billion, a PE ratio of 5.69 and a beta of 1.17.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate 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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