Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) announced a monthly dividend on Tuesday, January 28th,Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 21.16%. 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 Oxford Lane Capital stock traded up $0.02 during trading hours on Friday, hitting $5.11. 4,874,837 shares of the company's stock traded hands, compared to its average volume of 4,529,551. Oxford Lane Capital has a 12-month low of $4.95 and a 12-month high of $5.78. The company has a fifty day simple moving average of $5.15 and a 200-day simple moving average of $5.27. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 3.65 and a beta of 1.15.
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 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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