Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) declared a dividend on Wednesday, October 16th, 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 20.45%. 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 Price Performance
Shares of Oxford Lane Capital stock traded up $0.01 during trading hours on Wednesday, hitting $5.28. The company 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 cap of $1.26 billion, a P/E ratio of 5.23 and a beta of 1.15. The company’s 50-day moving average is $5.29 and its two-hundred day moving average is $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.
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