Oxford Lane Capital Corp Set to Distribute Monthly Dividend, Trading Ex-Dividend Soon
On October 17, 2024, Oxford Lane Capital Corp (Symbol: OXLC) will enter ex-dividend status. This means shares will trade without the right to receive the monthly dividend of $0.09, which will be paid on October 31, 2024. At a recent stock price of $5.29, this dividend yields around 1.70%. Expect OXLC shares to open approximately 1.70% lower on their ex-dividend date, assuming no other market changes.
While dividends can be uncertain, examining historical data is helpful in forecasting the likelihood of future dividends. The current estimated annual yield of 20.42% raises expectations for consistent returns moving forward.
The chart below presents the one-year performance of OXLC shares against its 200-day moving average:
Over the past year, OXLC has seen a low of $4.41 and a high of $5.78 per share, with the latest trade at $5.30.
Oxford Lane Capital Corp is part of a group of stocks that offer monthly dividends. On Tuesday, OXLC shares have been trading steady, showing no significant movement.
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Additional Resources:
- Funds Holding IGTE
- Institutional Holders of BILZ
- CELU YTD Return
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
