Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) declared a dividend on Wednesday, January 15th,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 dividend yield of 20.93%. The ex-dividend date is Friday, January 17th.
Oxford Lane Capital has increased its dividend payment by an average of 18.9% annually over the last three years.
Oxford Lane Capital Trading Up 1.0 %
Shares of Oxford Lane Capital stock traded up $0.05 on Wednesday, hitting $5.16. The stock had a trading volume of 4,259,577 shares, compared to its average volume of 5,093,380. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 3.69 and a beta of 1.15. Oxford Lane Capital has a 52-week low of $4.95 and a 52-week high of $5.78. The company’s 50 day moving average price is $5.20 and its 200 day moving average price is $5.30.
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.
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