Oxford Lane Capital Corp. (NASDAQ:OXLC) Declares Monthly Dividend of $0.09

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a monthly dividend on Tuesday, January 28th,Wall Street Journal reports. Investors of record on Monday, June 16th will be given a dividend of 0.09 per share by the investment management company on Monday, June 30th. This represents a $1.08 annualized dividend and a yield of 21.22%. The ex-dividend date of this dividend is Monday, June 16th.

Oxford Lane Capital has raised its dividend payment by an average of 18.9% annually over the last three years.

Oxford Lane Capital Trading Down 0.4 %

Shares of NASDAQ:OXLC traded down $0.02 during midday trading on Tuesday, hitting $5.09. 3,025,991 shares of the stock were exchanged, compared to its average volume of 4,568,714. The stock has a market cap of $1.76 billion, a P/E ratio of 3.64 and a beta of 1.15. Oxford Lane Capital has a twelve month low of $4.95 and a twelve month high of $5.78. The company has a 50 day moving average price of $5.15 and a 200-day moving average price of $5.27.

Oxford Lane Capital (NASDAQ:OXLC) last announced its quarterly earnings data on Monday, January 27th. The investment management company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates 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.