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

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a monthly dividend on Monday, November 4th,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.09 per share by the investment management company on Friday, February 28th. This represents a $1.08 annualized dividend and a yield of 20.89%. The ex-dividend date of this dividend is Friday, February 14th.

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

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLC opened at $5.17 on Wednesday. Oxford Lane Capital has a 52 week low of $4.95 and a 52 week high of $5.78. The company has a market capitalization of $1.79 billion, a PE ratio of 6.23 and a beta of 1.16. The company has a 50 day moving average price of $5.13 and a two-hundred day moving average price of $5.24.

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

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.