U.S. stocks rise on Fed cut bets; earnings continue to flow
Oxford Lane Capital Corp’s preferred stock, specifically the 6.25% series, has reached a 52-week high, hitting a price level of 24.66 USD. The stock offers an attractive dividend yield of 6.39%, with InvestingPro data showing the company has maintained dividend payments for 15 consecutive years. This milestone reflects a steady upward trend for the stock, which has seen a 1-year total return of 9.15%. The recent high indicates positive investor sentiment, supported by impressive revenue growth of 40.34% and a healthy current ratio of 1.77. InvestingPro analysis reveals 6 additional key insights about Oxford Lane Capital’s performance. As the market continues to evolve, stakeholders will be closely monitoring any further developments that could impact Oxford Lane Capital’s stock performance, with its beta of 0.77 suggesting lower volatility compared to the broader market.
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