Oxford Lane Capital Corp. (OXLC) To Go Ex-Dividend on March 17th

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a monthly dividend on Tuesday, November 5th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.09 per share by the investment management company on Monday, March 31st. This represents a $1.08 annualized dividend and a dividend yield of 22.55%. The ex-dividend date of this dividend is Monday, March 17th.

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

Oxford Lane Capital Stock Up 0.2 %

Shares of Oxford Lane Capital stock opened at $4.79 on Friday. Oxford Lane Capital has a 52 week low of $4.67 and a 52 week high of $5.78. The stock’s fifty day moving average is $5.06 and its two-hundred day moving average is $5.18. The company has a market capitalization of $1.66 billion, a PE ratio of 5.77 and a beta of 1.17.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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.