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

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a dividend on Thursday, October 17th, investing.com reports. Shareholders of record on Friday, October 18th will be given a dividend of 0.09 per share by the investment management company on Thursday, October 31st. This represents a yield of 20.73%. The ex-dividend date of this dividend is Thursday, October 17th.

Oxford Lane Capital has raised its dividend payment by an average of 4.7% annually over the last three years.

Oxford Lane Capital Stock Performance

Shares of OXLC traded down $0.07 during midday trading on Thursday, hitting $5.21. The company had a trading volume of 3,457,457 shares, compared to its average volume of 3,280,492. The company’s 50-day simple moving average is $5.29 and its 200-day simple moving average is $5.33. Oxford Lane Capital has a 1 year low of $4.41 and a 1 year high of $5.78. The firm has a market capitalization of $1.25 billion, a P/E ratio of 5.23 and a beta of 1.15.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings results on Friday, July 26th. The investment management company reported $0.41 EPS for the quarter. The firm had revenue of $89.80 million for the quarter.

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.