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

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a monthly dividend on Tuesday, July 30th, Wall Street Journal reports. Stockholders of record on Tuesday, December 17th will be given a dividend of 0.09 per share by the investment management company on Tuesday, December 31st. This represents a $1.08 annualized dividend and a dividend yield of 19.42%. The ex-dividend date of this dividend is Tuesday, December 17th.

Oxford Lane Capital has increased its dividend by an average of 4.7% annually over the last three years.

Oxford Lane Capital Price Performance

Oxford Lane Capital stock opened at $5.56 on Wednesday. The stock has a market capitalization of $1.33 billion, a PE ratio of 5.50 and a beta of 1.17. Oxford Lane Capital has a twelve month low of $4.41 and a twelve month high of $5.78. The company has a 50 day moving average of $5.51 and a 200-day moving average of $5.27.

Insider Buying and Selling

In other Oxford Lane Capital news, CEO Jonathan H. Cohen bought 4,630,000 shares of Oxford Lane Capital stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average price of $5.40 per share, for a total transaction of $25,002,000.00. Following the completion of the acquisition, the chief executive officer now owns 4,864,728 shares of the company’s stock, valued at approximately $26,269,531.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Oxford Lane Capital news, CEO Jonathan H. Cohen bought 4,630,000 shares of Oxford Lane Capital stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average price of $5.40 per share, for a total transaction of $25,002,000.00. Following the completion of the acquisition, the chief executive officer now owns 4,864,728 shares of the company’s stock, valued at approximately $26,269,531.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Saul B. Rosenthal bought 2,315,000 shares of Oxford Lane Capital stock in a transaction that occurred on Tuesday, May 28th. The shares were acquired at an average price of $5.40 per share, with a total value of $12,501,000.00. Following the acquisition, the president now directly owns 2,514,887 shares of the company’s stock, valued at approximately $13,580,389.80. The disclosure for this purchase can be found here. 0.42% of the stock is currently owned by corporate insiders.

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.