Oxford Lane Capital Corp. (NASDAQ:OXLC - Get Free Report) announced a monthly dividend on Monday, March 31st, Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 22.74%. The ex-dividend date of this dividend is Tuesday, September 16th.
Oxford Lane Capital has increased its dividend payment by an average of 14.7% per year over the last three years.
Oxford Lane Capital Price Performance
NASDAQ:OXLC traded down $0.19 during midday trading on Thursday, reaching $4.75. The stock had a trading volume of 7,592,599 shares, compared to its average volume of 4,817,278. The stock has a market capitalization of $1.64 billion, a P/E ratio of 5.72 and a beta of 1.17. Oxford Lane Capital has a 1-year low of $4.01 and a 1-year high of $5.78. The firm's fifty day simple moving average is $4.94 and its 200-day simple moving average is $5.12.
Oxford Lane Capital (NASDAQ:OXLC - Get Free Report) last issued 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).
About Oxford Lane Capital
(
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.
Featured Stories
Before you consider Oxford Lane Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oxford Lane Capital wasn't on the list.
While Oxford Lane Capital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
