Oxford Lane Capital Corp (NASDAQ:OXLC) announced a monthly dividend on Monday, February 12th, Wall Street Journal reports. Stockholders of record on Thursday, June 21st will be given a dividend of 0.135 per share by the investment management company on Friday, June 29th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 16.04%. The ex-dividend date is Wednesday, June 20th.
Oxford Lane Capital (NASDAQ:OXLC) traded down $0.11 during trading on Monday, hitting $10.10. 348,038 shares of the stock were exchanged, compared to its average volume of 284,432. Oxford Lane Capital has a fifty-two week low of $9.11 and a fifty-two week 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 raised shares of Oxford Lane Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 16th.
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.
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