Oxford Lane Capital Corp. (OXLC) to Issue Dividend of $0.09 on April 30th

Oxford Lane Capital Corp. (NASDAQ:OXLC) declared a dividend on Friday, January 24th, NASDAQ Dividends reports. Investors of record on Wednesday, April 16th will be given a dividend of 0.09 per share by the investment management company on Wednesday, April 30th. The ex-dividend date is Wednesday, April 16th.

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

Oxford Lane Capital Price Performance

Shares of OXLC opened at $4.43 on Monday. The business’s 50-day moving average is $4.83 and its 200-day moving average is $5.07. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 5.34 and a beta of 0.84. Oxford Lane Capital has a fifty-two week low of $3.91 and a fifty-two week high of $5.78.

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