Oxford Lane Capital Announces $0.20 Monthly Dividend
Oxford Lane Capital (OXLC) has declared a monthly dividend of $0.20 per share, consistent with its previous payout levels. The forward yield is currently 28.44%. Shareholders will receive the October payment on October 30 for those registered as of October 16; shares will trade ex-dividend starting that same date. A second payment in November will be distributed by November 30 to shareholders recorded as of November 16, with an ex-dividend date also set for November 16. The consistent dividend reflects the company's ongoing strategy and financial stability. The high yield may attract income-focused investors but could signal a higher risk profile due to its elevated percentage.
Tickers: $OXLC
Topics: dividend income investing