Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) declared a dividend on Thursday, January 16th,investing.com reports. Investors 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 yield of 20.97%. The ex-dividend date of this dividend is Friday, January 17th.
Oxford Lane Capital has increased its dividend by an average of 18.9% per year over the last three years.
Oxford Lane Capital Price Performance
OXLC opened at $5.15 on Friday. The business has a 50 day simple moving average of $5.19 and a 200-day simple moving average of $5.30. Oxford Lane Capital has a 12 month low of $4.95 and a 12 month high of $5.78. The stock has a market capitalization of $1.78 billion, a P/E ratio of 3.68 and a beta of 1.15.
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.
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