Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) 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
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.
Further Reading
- Five stocks we like better than Oxford Lane Capital
- Retail Stocks Investing, Explained
- Invest Like Congress: 2 ETFs to Add to Your Watchlist
- What does consumer price index measure?
- AI Boom or Bubble? Strategies for Success in a Volatile Sector
- Profitably Trade Stocks at 52-Week Highs
- Oilfield Infrastructure Stock Soars Over 50% on Bold Acquisition
Receive News & Ratings for Oxford Lane Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oxford Lane Capital and related companies with MarketBeat.com's FREE daily email newsletter.