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

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a monthly dividend on Wednesday, January 29th,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 dividend yield of 21.16%. 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% per year over the last three years.

Oxford Lane Capital Stock Up 0.3 %

Oxford Lane Capital stock opened at $5.11 on Wednesday. The company has a market capitalization of $1.77 billion, a P/E ratio of 3.64 and a beta of 1.15. The stock’s 50 day moving average is $5.15 and its 200 day moving average is $5.27. Oxford Lane Capital has a twelve month low of $4.95 and a twelve month high of $5.78.

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