Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) declared a monthly dividend on Thursday, November 14th,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.1302 per share on Friday, February 28th. This represents a $1.56 annualized dividend and a dividend yield of 6.50%. The ex-dividend date is Friday, February 14th.
Oxford Lane Capital has raised its dividend by an average of 4.1% per year over the last three years.
Oxford Lane Capital Stock Up 0.7 %
Shares of OXLCP stock opened at $24.03 on Friday. Oxford Lane Capital has a 52 week low of $22.74 and a 52 week high of $24.16. The company has a 50-day simple moving average of $23.98 and a 200 day simple moving average of $23.74.
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.
Further Reading
- Five stocks we like better than Oxford Lane Capital
- Insider Trades May Not Tell You What You Think
- MarketBeat Week in Review – 11/11 – 11/15
- 5 discounted opportunities for dividend growth investors
- How Whitestone REIT Is Transforming Sun Belt Retail Growth
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Top-Performing Non-Leveraged ETFs This Year
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.
