Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) declared a dividend on Friday, January 17th,investing.com reports. Investors 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 21.26%. The ex-dividend date of this dividend is Friday, January 17th.
Oxford Lane Capital has raised its dividend payment by an average of 18.9% annually over the last three years.
Oxford Lane Capital Stock Down 1.4 %
Shares of OXLC stock opened at $5.08 on Friday. Oxford Lane Capital has a 52 week low of $4.95 and a 52 week high of $5.78. The firm has a 50 day moving average of $5.18 and a two-hundred day moving average of $5.30. The stock has a market capitalization of $1.76 billion, a PE ratio of 3.63 and a beta of 1.15.
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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