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

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a monthly dividend on Wednesday, January 29th,Wall Street Journal reports. Shareholders of record on Monday, June 16th will be given a dividend of 0.09 per share by the investment management company on Monday, June 30th. This represents a $1.08 dividend on an annualized basis and a yield of 21.30%. The ex-dividend date is Monday, June 16th.

Oxford Lane Capital has raised its dividend payment by an average of 18.9% per year over the last three years.

Oxford Lane Capital Price Performance

OXLC opened at $5.07 on Thursday. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 3.62 and a beta of 1.15. Oxford Lane Capital has a 1-year low of $4.95 and a 1-year high of $5.78. The business has a 50 day moving average price of $5.15 and a two-hundred day moving average price of $5.27.

Oxford Lane Capital (NASDAQ:OXLC) last released its earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.39).

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.