Oxford Lane Capital Corp (NASDAQ:OXLC) declared a monthly dividend on Thursday, December 21st, Wall Street Journal reports. Investors of record on Thursday, March 22nd will be paid a dividend of 0.135 per share by the investment management company on Friday, March 30th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 15.96%. The ex-dividend date of this dividend is Wednesday, March 21st.
Oxford Lane Capital (NASDAQ:OXLC) opened at $10.15 on Tuesday. The firm has a market capitalization of $244.10, a PE ratio of 7.41 and a beta of 0.97. Oxford Lane Capital has a 1-year low of $9.11 and a 1-year high of $11.27.
Separately, Zacks Investment Research cut Oxford Lane Capital from a “buy” rating to a “hold” rating in a research note on Saturday.
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Oxford Lane Capital Company Profile
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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