Oxford Lane Capital Corp. (OXLC) To Go Ex-Dividend on February 14th

Oxford Lane Capital Corp. (NASDAQ:OXLC) announced a dividend on Thursday, October 24th,investing.com reports. Stockholders 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 dividend yield of 20.97%. The ex-dividend date of this dividend is Friday, February 14th.

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

Oxford Lane Capital Price Performance

Shares of OXLC stock opened at $5.17 on Wednesday. The business has a 50-day moving average price of $5.13 and a two-hundred day moving average price of $5.24. Oxford Lane Capital has a 12-month low of $4.95 and a 12-month high of $5.78. The firm has a market cap of $1.79 billion, a P/E ratio of 6.23 and a beta of 1.16.

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