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

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a monthly dividend on Monday, March 31st, Wall Street Journal reports. Stockholders of record on Tuesday, September 16th will be paid a dividend of 0.09 per share by the investment management company on Tuesday, September 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 22.88%. The ex-dividend date of this dividend is Tuesday, September 16th.

Oxford Lane Capital has increased its dividend by an average of 14.7% per year over the last three years.

Oxford Lane Capital Price Performance

Shares of NASDAQ:OXLC opened at $4.72 on Tuesday. The business’s 50-day moving average is $4.95 and its 200 day moving average is $5.12. Oxford Lane Capital has a 1 year low of $4.01 and a 1 year high of $5.78. The firm has a market capitalization of $1.63 billion, a P/E ratio of 5.69 and a beta of 1.17.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.39).

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.