Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) declared a monthly dividend on Tuesday, November 5th, Wall Street Journal reports. Investors of record on Monday, March 17th will be paid a dividend of 0.09 per share by the investment management company on Monday, March 31st. This represents a $1.08 dividend on an annualized basis and a yield of 20.26%. The ex-dividend date of this dividend is Monday, March 17th.
Oxford Lane Capital has increased its dividend by an average of 4.7% annually over the last three years. Oxford Lane Capital has a payout ratio of 100.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline.
Oxford Lane Capital Stock Performance
OXLC opened at $5.33 on Thursday. The stock’s fifty day moving average is $5.27 and its 200-day moving average is $5.35. Oxford Lane Capital has a one year low of $4.82 and a one year high of $5.78. The company has a market capitalization of $1.71 billion, a PE ratio of 3.81 and a beta of 1.15.
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.
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