Oxford Lane Capital Corp. (NASDAQ:OXLC) Declares Monthly Dividend of $0.08

Oxford Lane Capital Corp. (NASDAQ:OXLCGet Free Report) announced a monthly dividend on Wednesday, January 31st, Wall Street Journal reports. Investors of record on Friday, May 17th will be paid a dividend of 0.08 per share by the investment management company on Friday, May 31st. This represents a $0.96 annualized dividend and a dividend yield of 18.53%. The ex-dividend date is Thursday, May 16th.

Oxford Lane Capital has decreased its dividend payment by an average of 8.5% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLC opened at $5.18 on Wednesday. The company has a market cap of $810.15 million, a PE ratio of 4.39 and a beta of 1.17. Oxford Lane Capital has a 52 week low of $4.41 and a 52 week high of $6.27. The firm has a 50 day simple moving average of $5.00 and a 200 day simple moving average of $5.05.

Oxford Lane Capital (NASDAQ:OXLCGet Free Report) last issued its quarterly earnings results on Friday, January 26th. The investment management company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.27 by $0.12. The firm had revenue of $79.20 million during the quarter. During the same period in the previous year, the business posted $0.31 EPS.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC increased its stake in Oxford Lane Capital by 16.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 14,000 shares of the investment management company’s stock valued at $72,000 after buying an additional 2,000 shares during the period. Prospera Financial Services Inc increased its stake in shares of Oxford Lane Capital by 15.6% during the 1st quarter. Prospera Financial Services Inc now owns 20,153 shares of the investment management company’s stock worth $105,000 after purchasing an additional 2,713 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Oxford Lane Capital by 12.7% during the 4th quarter. Wells Fargo & Company MN now owns 25,082 shares of the investment management company’s stock worth $127,000 after purchasing an additional 2,830 shares during the last quarter. UBS Group AG increased its stake in shares of Oxford Lane Capital by 16.8% during the 3rd quarter. UBS Group AG now owns 23,423 shares of the investment management company’s stock worth $117,000 after purchasing an additional 3,361 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Oxford Lane Capital by 8.9% during the 1st quarter. Rockefeller Capital Management L.P. now owns 51,580 shares of the investment management company’s stock worth $269,000 after purchasing an additional 4,231 shares during the last quarter. Institutional investors and hedge funds own 6.49% of the company’s stock.

About Oxford Lane Capital

(Get Free Report)

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.

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Dividend History for Oxford Lane Capital (NASDAQ:OXLC)

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