Oxford Lane Capital Corp. Declares Monthly Dividend of $0.09

Oxford Lane Capital Corp. (NASDAQ:OXLC) has made an announcement regarding its monthly dividend. On Wednesday, January 29th, the investment management company revealed that shareholders of record on Monday, June 16th, will receive a dividend of $0.09 per share. This dividend will be paid on Monday, June 30th. With this distribution, the annualized dividend totals $1.08, reflecting a strong yield of 21.16%. The ex-dividend date is set for Monday, June 16th.

Dividend Growth Trend

Oxford Lane Capital has demonstrated a commitment to enhancing shareholder value, having increased its dividend payment by an average of 18.9% per year over the past three years. This consistent growth trend highlights the company’s focus on returning capital to its investors.

Stock Performance Overview

As of Wednesday, the stock of Oxford Lane Capital opened at $5.11. The company boasts a market capitalization of approximately $1.77 billion, a price-to-earnings ratio of 3.64, and a beta of 1.15, indicating its volatility compared to the market. The stock’s 50-day moving average stands at $5.15, while the 200-day moving average is at $5.27. Over the past year, the stock has experienced a low of $4.95 and a high of $5.78.

Recent Earnings Report

On January 27th, Oxford Lane Capital reported its quarterly earnings results. During this period, the company achieved earnings per share (EPS) of $0.28, which fell short of analysts' expectations that estimated an EPS of $0.67, missing the projection by $0.39.

About Oxford Lane Capital

Oxford Lane Capital Corp. operates as a closed-end fund, managed by Oxford Lane Management LLC. The company primarily invests in fixed income securities, focusing on securitization vehicles that provide senior secured loans to companies with debt rated below investment grade or that are unrated.

dividend, investment, stocks