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

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a dividend on Friday, January 24th, NASDAQ Dividends reports. Shareholders of record on Wednesday, April 16th will be paid a dividend of 0.09 per share by the investment management company on Wednesday, April 30th. The ex-dividend date is Wednesday, April 16th.

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

Oxford Lane Capital Trading Up 0.7 %

NASDAQ OXLC opened at $4.43 on Monday. Oxford Lane Capital has a 1 year low of $3.91 and a 1 year high of $5.78. The company has a fifty day simple moving average of $4.83 and a 200 day simple moving average of $5.07. The company has a market cap of $1.53 billion, a P/E ratio of 5.34 and a beta of 0.84.

Oxford Lane Capital (NASDAQ:OXLC) last issued its quarterly earnings results on Monday, January 27th. The investment management company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.39).

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.