Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) announced a dividend on Wednesday, October 16th, investing.com reports. Stockholders of record on Friday, October 18th will be given a dividend of 0.09 per share by the investment management company on Thursday, October 31st. This represents a dividend yield of 20.45%. The ex-dividend date of this dividend is Thursday, October 17th.
Oxford Lane Capital has raised its dividend by an average of 4.7% annually over the last three years.
Oxford Lane Capital Stock Performance
OXLC traded up $0.01 during trading on Wednesday, hitting $5.28. The stock had a trading volume of 4,802,619 shares, compared to its average volume of 3,279,472. Oxford Lane Capital has a twelve month low of $4.41 and a twelve month high of $5.78. The company has a market capitalization of $1.26 billion, a PE ratio of 5.23 and a beta of 1.15. The stock has a 50 day simple moving average of $5.29 and a two-hundred day simple moving average of $5.33.
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.
Recommended Stories
- Five stocks we like better than Oxford Lane Capital
- What is the Nikkei 225 index?
- Taiwan Semiconductor Stock: Buy Now or Wait for Earnings?
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Abbott’s Growth and Dividends Make It a Smart Portfolio Pick
- Consumer Discretionary Stocks Explained
- Citigroup Faces Growing Troubles: Could the Industry Be at Risk?
Receive News & Ratings for Oxford Lane Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Lane Capital and related companies with MarketBeat.com's FREE daily email newsletter.