Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) announced a dividend on Thursday, October 17th, investing.com reports. Investors 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 yield of 20.73%. 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 Price Performance
Oxford Lane Capital stock opened at $5.19 on Friday. The firm’s 50-day moving average is $5.28 and its two-hundred day moving average is $5.33. The stock has a market capitalization of $1.24 billion, a P/E ratio of 5.14 and a beta of 1.15. Oxford Lane Capital has a 12-month low of $4.41 and a 12-month high of $5.78.
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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