Oxford Lane Capital Corp. (OXLC) to Issue Monthly Dividend of $0.09 on February 28th

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a monthly dividend on Monday, November 4th,Wall Street Journal reports. Investors of record on Friday, February 14th will be given a dividend of 0.09 per share by the investment management company on Friday, February 28th. This represents a $1.08 dividend on an annualized basis and a yield of 20.89%. The ex-dividend date is Friday, February 14th.

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

Oxford Lane Capital Price Performance

NASDAQ:OXLC opened at $5.17 on Wednesday. The firm has a market cap of $1.79 billion, a PE ratio of 6.23 and a beta of 1.16. Oxford Lane Capital has a 12 month low of $4.95 and a 12 month high of $5.78. The company’s 50-day moving average price is $5.13 and its two-hundred day moving average price is $5.24.

Oxford Lane Capital (NASDAQ:OXLC) last released its quarterly earnings results 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).

Oxford Lane Capital Company Profile

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.