Oxford Lane Capital Corp. (OXLC) to Issue Monthly Dividend of $0.09 on September 30th

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a monthly dividend on Friday, March 28th, Wall Street Journal reports. Stockholders of record on Tuesday, September 16th will be paid a dividend of 0.09 per share by the investment management company on Tuesday, September 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 23.23%. The ex-dividend date of this dividend is Tuesday, September 16th.

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

Oxford Lane Capital Stock Down 0.2 %

OXLC stock opened at $4.65 on Friday. The stock has a market capitalization of $1.61 billion, a PE ratio of 5.60 and a beta of 1.17. Oxford Lane Capital has a 52 week low of $4.01 and a 52 week high of $5.78. The firm has a 50 day moving average of $4.95 and a 200 day moving average of $5.13.

Oxford Lane Capital (NASDAQ:OXLC) last posted its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 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.