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| Oxford Lane Capital About To Put More Money In Your Pocket (OXLC)By Dividend Channel Staff, Tuesday, March 12, 10:31 AM ET
On 3/14/24, Oxford Lane Capital Corp (NASDAQ:OXLC) will trade ex-dividend, for its monthly dividend of $0.08, payable on 3/29/24. As a percentage of OXLC's recent stock price of $5.14, this dividend works out to approximately 1.55%, so look for shares of Oxford Lane Capital Corp to trade 1.55% lower — all else being equal — when OXLC shares open for trading on 3/14/24. Below is a dividend history chart for OXLC, showing historical dividends prior to the most recent $0.08 declared by Oxford Lane Capital Corp: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from OXLC is likely to continue, and whether the current estimated yield of 18.66% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of OXLC shares, versus its 200 day moving average:
Looking at the chart above, OXLC's low point in its 52 week range is $4.41 per share, with $5.70 as the 52 week high point — that compares with a last trade of $5.13. Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
Oxford Lane Capital Corp is in our coverage universe of monthly dividend paying stocks. In Tuesday trading, Oxford Lane Capital Corp shares are currently off about 0.3% on the day.
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