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

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a dividend on Thursday, July 25th, NASDAQ reports. Shareholders 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 is Thursday, October 17th.

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

Oxford Lane Capital Stock Performance

Shares of OXLC opened at $5.29 on Tuesday. Oxford Lane Capital has a 1-year low of $4.41 and a 1-year high of $5.78. The stock has a market capitalization of $1.27 billion, a P/E ratio of 5.24 and a beta of 1.15. The business’s 50-day moving average price is $5.30 and its 200 day moving average price is $5.33.

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