Oxford Lane Capital Corp. (OXLC) To Go Ex-Dividend on October 17th

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a dividend on Wednesday, October 16th, investing.com reports. Investors of record on Friday, October 18th will be paid a dividend of 0.09 per share by the investment management company on Thursday, October 31st. This represents a yield of 20.45%. The ex-dividend date of this dividend is Thursday, October 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

Shares of NASDAQ OXLC traded up $0.01 during mid-day trading on Wednesday, hitting $5.28. 4,802,619 shares of the stock traded hands, compared to its average volume of 3,279,472. The company has a market cap of $1.26 billion, a PE ratio of 5.23 and a beta of 1.15. Oxford Lane Capital has a twelve month low of $4.41 and a twelve month high of $5.78. The firm has a 50 day simple moving average of $5.29 and a two-hundred day simple moving average of $5.33.

Oxford Lane Capital (NASDAQ:OXLC) last posted its earnings results on Friday, July 26th. The investment management company reported $0.41 EPS for the quarter. The business had revenue of $89.80 million for the quarter.

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.