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

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a monthly dividend on Friday, March 28th, Wall Street Journal reports. Shareholders of record on Tuesday, September 16th will be given a dividend of 0.09 per share by the investment management company on Tuesday, September 30th. This represents a $1.08 annualized dividend and a yield of 23.23%. The ex-dividend date is Tuesday, September 16th.

Oxford Lane Capital has raised its dividend payment by an average of 14.7% annually over the last three years.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLC traded down $0.01 during midday trading on Friday, reaching $4.65. 3,105,810 shares of the stock traded hands, compared to its average volume of 4,709,567. The company’s 50 day moving average is $4.96 and its 200 day moving average is $5.13. Oxford Lane Capital has a one year low of $4.01 and a one year high of $5.78. The stock has a market capitalization of $1.61 billion, a PE ratio of 5.60 and a beta of 1.17.

Oxford Lane Capital (NASDAQ:OXLC) last announced its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates 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.