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

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a monthly dividend on Friday, March 28th, 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 23.23%. The ex-dividend date of this dividend is Tuesday, September 16th.

Oxford Lane Capital has raised its dividend by an average of 14.7% annually over the last three years.

Oxford Lane Capital Trading Down 0.2 %

Shares of NASDAQ OXLC traded down $0.01 on Friday, reaching $4.65. 3,111,013 shares of the company traded hands, compared to its average volume of 4,718,820. The company has a 50 day moving average of $4.95 and a 200 day moving average of $5.13. Oxford Lane Capital has a fifty-two week low of $4.01 and a fifty-two week high of $5.78. The stock has a market capitalization of $1.61 billion, a PE ratio of 5.60 and a beta of 1.17.

Oxford Lane Capital (NASDAQ:OXLC) last issued its quarterly 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.