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

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a monthly dividend on Friday, March 28th, 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 23.23%. The ex-dividend date of this dividend is Tuesday, September 16th.

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

Oxford Lane Capital Price Performance

NASDAQ:OXLC traded down $0.01 during trading hours on Friday, reaching $4.65. 3,111,013 shares of the company traded hands, compared to its average volume of 4,718,820. The firm’s 50-day moving average is $4.95 and its 200-day moving average is $5.13. The stock has a market cap of $1.61 billion, a P/E ratio of 5.60 and a beta of 1.17. Oxford Lane Capital has a 1-year low of $4.01 and a 1-year high of $5.78.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 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.