Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) declared a dividend on Thursday, January 16th,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 yield of 20.97%. The ex-dividend date of this dividend is Friday, January 17th.
Oxford Lane Capital has raised its dividend by an average of 18.9% per year over the last three years.
Oxford Lane Capital Stock Performance
Shares of NASDAQ OXLC traded down $0.01 during midday trading on Thursday, hitting $5.15. 6,535,894 shares of the stock traded hands, compared to its average volume of 5,241,467. Oxford Lane Capital has a one year low of $4.95 and a one year high of $5.78. The business has a 50 day moving average price of $5.20 and a two-hundred day moving average price of $5.30. The company has a market cap of $1.78 billion, a PE ratio of 3.68 and a beta of 1.15.
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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