Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) announced a dividend on Wednesday, January 15th,investing.com reports. Shareholders of record on Monday, January 20th will be paid a dividend of 0.09 per share by the investment management company on Friday, January 31st. This represents a dividend yield of 20.93%. The ex-dividend date of this dividend is Friday, January 17th.
Oxford Lane Capital has increased its dividend by an average of 18.9% annually over the last three years.
Oxford Lane Capital Stock Up 1.0 %
Shares of OXLC traded up $0.05 during mid-day trading on Wednesday, reaching $5.16. 4,259,577 shares of the company’s stock were exchanged, compared to its average volume of 5,093,380. Oxford Lane Capital has a 52-week low of $4.95 and a 52-week high of $5.78. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 3.69 and a beta of 1.15. The company has a 50-day simple moving average of $5.20 and a two-hundred day simple moving average of $5.30.
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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