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

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a monthly dividend on Tuesday, January 28th,Wall Street Journal reports. Investors of record on Monday, June 16th will be given a dividend of 0.09 per share by the investment management company on Monday, June 30th. This represents a $1.08 annualized dividend and a dividend yield of 21.30%. The ex-dividend date is Monday, June 16th.

Oxford Lane Capital has increased its dividend by an average of 18.9% annually over the last three years.

Oxford Lane Capital Stock Down 0.4 %

Shares of OXLC opened at $5.07 on Thursday. Oxford Lane Capital has a 12-month low of $4.95 and a 12-month high of $5.78. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 3.62 and a beta of 1.15. The stock’s 50-day moving average price is $5.15 and its 200 day moving average price is $5.27.

Oxford Lane Capital (NASDAQ:OXLC) last announced its earnings results on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.39).

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.