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

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a monthly dividend on Monday, March 31st, Wall Street Journal reports. Stockholders of record on Tuesday, September 16th will be given 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 23.23%. The ex-dividend date 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 Down 0.2 %

OXLC stock opened at $4.65 on Monday. Oxford Lane Capital has a 52 week low of $4.01 and a 52 week high of $5.78. The business has a 50-day simple moving average of $4.95 and a 200 day simple moving average of $5.12. The company has a market cap of $1.61 billion, a PE ratio of 5.60 and a beta of 1.17.

Oxford Lane Capital (NASDAQ:OXLC) last issued its earnings results on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39).

Oxford Lane Capital Company Profile

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.