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

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared 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 dividend on an annualized basis and a yield of 20.61%. The ex-dividend date is Friday, February 14th.

Oxford Lane Capital has raised its dividend by an average of 4.7% annually over the last three years.

Oxford Lane Capital Trading Down 0.6 %

Shares of NASDAQ OXLC traded down $0.03 during midday trading on Monday, hitting $5.24. 3,235,742 shares of the company’s stock were exchanged, compared to its average volume of 3,229,771. The business’s fifty day moving average price is $5.27 and its two-hundred day moving average price is $5.34. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 3.78 and a beta of 1.15. Oxford Lane Capital has a 12-month low of $4.82 and a 12-month high of $5.78.

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.