Oxford Lane Capital Corp. Declares $0.09 Monthly Dividend
Oxford Lane Capital Corp. (NASDAQ:OXLC) made an announcement on January 29th regarding its monthly dividend. The company will pay a dividend of $0.09 per share to its shareholders on record by Monday, June 16th, with payments being distributed on Monday, June 30th. This upcoming payout indicates an annualized dividend of $1.08, providing a remarkable yield of 21.16%. It is important to note that the ex-dividend date is set for Monday, June 16th.
In the past three years, Oxford Lane Capital has demonstrated a consistent growth in its dividend payments, averaging an increase of 18.9% each year.
Current Stock Performance
As of Wednesday, the stock price of Oxford Lane Capital was $5.11. The company has a market capitalization of approximately $1.77 billion. Its price-to-earnings (P/E) ratio stands at 3.64, and the stock has a beta of 1.15, indicating its volatility in comparison to the overall market. The 50-day moving average for the stock is $5.15, while its 200-day moving average is $5.27. Over the past twelve months, the stock has experienced a low of $4.95 and a high of $5.78.
Most recently, on January 27th, Oxford Lane Capital reported its quarterly earnings results. For the quarter, the company reported an earnings per share (EPS) of $0.28, which was below the consensus estimate of $0.67 by a difference of $0.39.
About Oxford Lane Capital Corp.
Oxford Lane Capital Corp. operates as a closed-end fund, managed by Oxford Lane Management LLC. The fund primarily invests in fixed income securities, focusing on securitization vehicles that invest in senior secured loans to companies with debt rated below investment grade or that are unrated.
Further Insights
- Exploring Better Stock Options Than Oxford Lane Capital
- The Importance of Economic Reports for Investment Strategies
- Top Steel Stocks Following Tariff Announcements
- Understanding Dividends: Selecting the Best Dividend Stocks
- Analysts’ Top Picks for 2025: Highlights from Morgan Stanley
- Understanding Quiet Period Expirations
- Salesforce Stock Projections: Potential New Highs by February
This information was compiled using reliable data sources to ensure accuracy and timeliness in reporting.
Investment Considerations
Before investing in Oxford Lane Capital, it is important to consider the recommended stocks by top analysts. Currently, the company holds a "Hold" rating among analysts, who believe several other stocks may offer better investment opportunities.
For those seeking detailed insights into energy stocks and the impact of increasing demand for energy, further information can be accessed through dedicated financial analyses and reports.
Dividend, Investment, Finance