Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) announced a dividend on Wednesday, January 15th,investing.com reports. Investors of record on Monday, January 20th will be paid a dividend of 0.09 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 20.93%. The ex-dividend date of this dividend is Friday, January 17th.
Oxford Lane Capital has increased its dividend payment by an average of 18.9% per year over the last three years.
Oxford Lane Capital Price Performance
Shares of OXLC stock traded up $0.05 during midday trading on Wednesday, reaching $5.16. 4,259,577 shares of the company traded hands, compared to its average volume of 5,093,380. The firm’s 50 day simple moving average is $5.20 and its two-hundred day simple moving average is $5.30. The firm has a market cap of $1.78 billion, a PE ratio of 3.69 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.
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.
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