OXLC Ex-Dividend Date 2024, Share Price, History, Record Date and More

News: Oxford Lane Capital Corp. (OXLC) is a financial company that specializes in managing investments. If you’re interested in the stock market, you’ve probably come across this name. But what does it all mean? Let’s break it down.

Dividends: OXLC pays dividends to its shareholders. These are essentially cash payments made by the company to its investors. Think of it as a little bonus for owning OXLC stock.

Ex-Dividend Date: What’s That?

The ex-dividend date is a crucial concept for investors. It’s the date on which a stock starts trading without the right to receive the upcoming dividend. In other words, if you buy OXLC shares on or after the ex-dividend date, you won’t get the next dividend payment. So, pay attention to this date if you’re an OXLC shareholder!

OXLC Dividend History

Let’s take a look at OXLC’s dividend history:

1. Recent Dividend: On October 27, 2023, OXLC announced a dividend of $0.08 per share. Shareholders of record as of March 14, 2024, received this payment on March 29, 2024 .

2. Monthly Payout: OXLC pays dividends every month. That’s right! So, if you’re an investor, keep an eye out for those regular monthly payments.

3. High Yield: OXLC has a dividend yield of 17.81%. This means that for every dollar you invest in OXLC, you can expect a nice chunk back in dividends .

Share Price and More

1. Share Price: The current price of OXLC stock can fluctuate. It’s essential to stay informed about the latest market trends.

2. Record Date: This is the date when OXLC determines who its shareholders are. If you’re on the list on the record date, you’re eligible for dividends.

About OXLC :

What Is OXLC?

OXLC, short for Oxford Lane Capital Corp., is a financial company that might sound a bit complex, but fear not! Let’s break it down in simple terms.

What Does OXLC Do?

1. OXLC is like a money wizard. It invests in something called fixed income securities. These are like special financial instruments that help companies manage their debts.

2. Specifically, OXLC invests in securitization vehicles. These vehicles, in turn, invest in loans given to companies. But here’s the twist: these companies might have debt that’s not super fancy (it’s rated below investment grade or not rated at all).

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Why Should You Care?

1. Well, OXLC aims to make money for its investors. It wants to maximize something called total return. Basically, it wants to grow the money it manages.

2. Imagine OXLC as your financial superhero, working behind the scenes to make your investments grow.

OXLC is a company that rewards its investors with regular dividends. Keep an eye on the ex-dividend date, stay informed about the share price, and enjoy those OXLC dividends! 

Disclaimer: Please note that all content and tools on this website are provided for your convenience and are offered “as is” without warranties. The information provided, including any tool-generated output, is for informational purposes only and should not be considered investment advice or guarantees. Exercise caution, seek professional advice, and make independent judgments before acting on any information found on this site.

FAQs

1. When is OXLC’s Ex-Dividend Date in 2024?

The Ex-Dividend Date for OXLC in 2024 is scheduled for June 14th.

2. How much is the dividend payment per share for OXLC shareholders?

OXLC shareholders can expect a dividend payment of $0.0800 per share.

3. When is the dividend Pay Date for OXLC?

The dividend Pay Date for OXLC is slated for June 28th, 2024.