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

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a dividend on Wednesday, April 16th, investing.com reports. Stockholders of record on Thursday, April 17th will be given a dividend of 0.09 per share by the investment management company on Wednesday, April 30th. This represents a dividend yield of 24.43%. The ex-dividend date of this dividend is Wednesday, April 16th.

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

Oxford Lane Capital Price Performance

NASDAQ OXLC opened at $4.38 on Friday. The business has a 50 day simple moving average of $4.77 and a 200 day simple moving average of $5.05. Oxford Lane Capital has a one year low of $3.91 and a one year high of $5.78. The stock has a market capitalization of $1.52 billion, a P/E ratio of 5.28 and a beta of 0.84.

Oxford Lane Capital (NASDAQ:OXLC) last announced 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.