Oxford Lane Capital Corp (NASDAQ:OXLC) declared a monthly dividend on Tuesday, February 12th, Wall Street Journal reports. Stockholders of record on Friday, June 21st will be given a dividend of 0.135 per share by the investment management company on Friday, June 28th. This represents a $1.62 annualized dividend and a dividend yield of 15.96%. The ex-dividend date of this dividend is Thursday, June 20th.
Oxford Lane Capital has decreased its dividend payment by an average of 12.3% per year over the last three years. Oxford Lane Capital has a dividend payout ratio of 99.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.
Oxford Lane Capital stock traded down $0.15 during midday trading on Wednesday, reaching $10.15. The stock had a trading volume of 289 shares, compared to its average volume of 366,069. Oxford Lane Capital has a 1-year low of $7.35 and a 1-year high of $11.74.
Oxford Lane Capital Company Profile
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.
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