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

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a dividend on Wednesday, October 16th, 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 20.45%. 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% annually over the last three years.

Oxford Lane Capital Stock Performance

NASDAQ OXLC traded up $0.01 during trading hours on Wednesday, hitting $5.28. 4,802,619 shares of the company’s stock were exchanged, compared to its average volume of 3,279,472. The firm has a market capitalization of $1.26 billion, a P/E ratio of 5.23 and a beta of 1.15. The business’s 50 day moving average is $5.29 and its 200-day moving average is $5.33. Oxford Lane Capital has a 12-month low of $4.41 and a 12-month high of $5.78.

Oxford Lane Capital (NASDAQ:OXLC) last released its earnings results on Friday, July 26th. The investment management company reported $0.41 earnings per share (EPS) 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.