Oxford Lane Capital Corp (OXLC) to Issue $0.14 Monthly Dividend

Oxford Lane Capital Corp (NASDAQ:OXLC) declared a monthly dividend on Monday, February 12th, Wall Street Journal reports. Investors of record on Wednesday, May 23rd will be paid a dividend of 0.135 per share by the investment management company on Thursday, May 31st. This represents a $1.62 dividend on an annualized basis and a yield of 16.04%. The ex-dividend date of this dividend is Tuesday, May 22nd.

Shares of Oxford Lane Capital (NASDAQ OXLC) traded down $0.11 during trading on Tuesday, reaching $10.10. The company had a trading volume of 348,000 shares, compared to its average volume of 275,097. Oxford Lane Capital has a 52-week low of $9.11 and a 52-week high of $11.61. The firm has a market capitalization of $243.62, a PE ratio of 7.37 and a beta of 1.01.

Separately, Zacks Investment Research upgraded Oxford Lane Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 16th.

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Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. is a non-diversified closed-end management investment company. The Fund’s investment objective is to maximize its portfolio’s risk adjusted total return and seeks to achieve its investment objective by investing in structured finance investments, specifically collateralized loan obligation (CLO) vehicles, which primarily own senior corporate debt securities.

Dividend History for Oxford Lane Capital (NASDAQ:OXLC)

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