Oxford Lane Capital Corp (OXLC) Announces Monthly Dividend of $0.14

Oxford Lane Capital Corp (NASDAQ:OXLC) announced a monthly dividend on Monday, February 12th, Wall Street Journal reports. Investors of record on Wednesday, May 23rd will be given 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 dividend yield of 16.04%. The ex-dividend date is Tuesday, May 22nd.

Oxford Lane Capital (NASDAQ OXLC) traded down $0.11 during mid-day trading on Monday, hitting $10.10. 348,038 shares of the company were exchanged, compared to its average volume of 284,432. Oxford Lane Capital has a 12-month low of $9.11 and a 12-month high of $11.61. The stock has a market capitalization of $241.78, a price-to-earnings ratio of 7.37 and a beta of 1.01.

Separately, Zacks Investment Research upgraded 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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About Oxford Lane Capital

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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