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

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a dividend on Thursday, July 25th, NASDAQ reports. Stockholders of record on Thursday, October 17th will be given a dividend of 0.09 per share by the investment management company on Thursday, October 31st. The ex-dividend date of this dividend is Thursday, October 17th.

Oxford Lane Capital has increased its dividend payment by an average of 4.7% per year over the last three years.

Oxford Lane Capital Price Performance

OXLC stock opened at $5.29 on Tuesday. Oxford Lane Capital has a twelve month low of $4.41 and a twelve month high of $5.78. The company has a market cap of $1.27 billion, a PE ratio of 5.24 and a beta of 1.15. The business’s 50-day simple moving average is $5.30 and its 200 day simple moving average is $5.33.

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

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.