Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) declared a dividend on Thursday, January 16th,investing.com reports. Stockholders of record on Monday, January 20th will be given a dividend of 0.09 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 20.97%. The ex-dividend date is Friday, January 17th.
Oxford Lane Capital has raised its dividend payment by an average of 18.9% annually over the last three years.
Oxford Lane Capital Trading Down 0.2 %
Oxford Lane Capital stock traded down $0.01 during trading on Thursday, hitting $5.15. 6,535,894 shares of the company were exchanged, compared to its average volume of 5,241,467. The business’s 50 day moving average is $5.20 and its 200 day moving average is $5.30. 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 $1.78 billion, a P/E ratio of 3.68 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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