Oxford Lane Capital Corp Declares Monthly Dividend of $0.14 (OXLC)
Oxford Lane Capital Corp (NASDAQ:OXLC) announced a monthly dividend on Monday, February 12th, Wall Street Journal reports. Stockholders of record on Friday, April 20th will be paid a dividend of 0.135 per share by the investment management company on Monday, April 30th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 16.04%. The ex-dividend date of this dividend is Thursday, April 19th.
Shares of Oxford Lane Capital (NASDAQ:OXLC) traded down $0.11 during midday trading on Tuesday, hitting $10.10. 348,000 shares of the stock were exchanged, compared to its average volume of 275,083. The firm has a market cap of $243.62, a PE ratio of 7.37 and a beta of 1.01. Oxford Lane Capital has a twelve month low of $9.11 and a twelve month high of $11.61.
Separately, Zacks Investment Research raised shares of Oxford Lane Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 16th.
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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.
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