Oxford Lane Capital Corp. (NASDAQ:OXLC – Get Free Report) declared a dividend on Wednesday, January 15th,investing.com reports. Investors of record on Monday, January 20th will be paid a dividend of 0.09 per share by the investment management company on Friday, January 31st. This represents a yield of 20.93%. The ex-dividend date 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 Trading Up 1.0 %
OXLC stock traded up $0.05 during midday trading on Wednesday, hitting $5.16. 4,259,577 shares of the company’s stock were exchanged, compared to its average volume of 5,093,380. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 3.69 and a beta of 1.15. Oxford Lane Capital has a 12-month low of $4.95 and a 12-month high of $5.78. The firm has a 50 day moving average price of $5.20 and a 200-day moving average price of $5.30.
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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