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

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a dividend on Friday, January 17th,investing.com reports. Stockholders of record on Monday, January 20th will be given a dividend of 0.09 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 21.26%. The ex-dividend date is Friday, January 17th.

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

Oxford Lane Capital Trading Down 1.4 %

Oxford Lane Capital stock traded down $0.07 during midday trading on Friday, hitting $5.08. 4,219,502 shares of the stock were exchanged, compared to its average volume of 5,149,551. The stock has a market capitalization of $1.76 billion, a price-to-earnings ratio of 3.63 and a beta of 1.15. The stock’s 50-day simple moving average is $5.19 and its 200 day simple moving average is $5.30. Oxford Lane Capital has a fifty-two week low of $4.95 and a fifty-two week high of $5.78.

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.