Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) declared a monthly dividend on Wednesday, January 29th,Wall Street Journal reports. Stockholders of record on Monday, June 16th will be paid a dividend of 0.09 per share by the investment management company on Monday, June 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 21.22%. The ex-dividend date is Monday, June 16th.
Oxford Lane Capital has raised its dividend by an average of 18.9% per year over the last three years.
Oxford Lane Capital Price Performance
Shares of NASDAQ:OXLC opened at $5.09 on Friday. Oxford Lane Capital has a 12 month low of $4.95 and a 12 month high of $5.78. The firm has a market capitalization of $1.76 billion, a P/E ratio of 3.64 and a beta of 1.15. The company’s fifty day moving average price is $5.15 and its 200 day moving average price is $5.27.
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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