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

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a monthly dividend on Tuesday, January 28th,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 21.22%. The ex-dividend date is Monday, June 16th.

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

Oxford Lane Capital Stock Down 0.4 %

OXLC opened at $5.09 on Wednesday. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 3.64 and a beta of 1.15. Oxford Lane Capital has a 52 week low of $4.95 and a 52 week high of $5.78. The business’s 50 day moving average is $5.15 and its two-hundred day moving average is $5.27.

Oxford Lane Capital (NASDAQ:OXLC) last released its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate 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.