Oxford Lane Capital Corp. (NASDAQ:OXLC) Declares $0.09 Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a dividend on Wednesday, April 16th, investing.com reports. Investors of record on Thursday, April 17th will be paid a dividend of 0.09 per share by the investment management company on Wednesday, April 30th. This represents a yield of 24.43%. The ex-dividend date is Wednesday, April 16th.

Oxford Lane Capital has increased its dividend by an average of 14.7% per year over the last three years.

Oxford Lane Capital Price Performance

NASDAQ:OXLC traded down $0.13 during trading hours on Wednesday, hitting $4.42. The stock had a trading volume of 4,216,853 shares, compared to its average volume of 5,030,909. Oxford Lane Capital has a one year low of $3.91 and a one year high of $5.78. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 5.33 and a beta of 0.84. The company has a 50 day simple moving average of $4.80 and a two-hundred day simple moving average of $5.06.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data 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).

About Oxford Lane Capital

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.