Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) announced a dividend on Friday, January 17th,investing.com reports. Investors of record on Monday, January 20th will be given 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 by an average of 18.9% annually over the last three years.
Oxford Lane Capital Price Performance
OXLC stock opened at $5.08 on Friday. Oxford Lane Capital has a 1-year low of $4.95 and a 1-year high of $5.78. The business has a 50 day simple moving average of $5.18 and a two-hundred day simple moving average of $5.30. The company has a market capitalization of $1.76 billion, a price-to-earnings 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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