Oxford Lane Capital Corp's common shares are showing a one-year dividend growth rate of 109.3%, paired with a current yield of 8.64%, a combination that stood out in dividend data on the stock as of September 23, 2026. The shares last closed at $25.31, down four cents, or 0.16%, on the day, within a 52-week range of $25.15 to $26.04.
The fund's most recent quarterly dividend was $0.5469 per share, paid September 30, 2026, with the annualized dividend running at $2.1875. That payout followed a last ex-dividend date of September 15, 2026, and the company has already scheduled the next distribution, also at $0.5469 per share, with an ex-date of December 15, 2026, and payment due December 31, 2026, though it has not yet been formally declared. This pattern, that first stood out in data tracked on Dividendly, a Madison Labs research site, shows a fund paying out quarterly at a rate more than double what it distributed a year earlier on an annual basis.
What that growth figure means depends on the baseline it is measured against. A 109.3% one-year increase in total dividends paid can reflect either a steady climb in the payout or a sharp rebound from a prior period of depressed distributions, and the underlying data does not specify which. Notably, a separate check within the same dataset, measuring consecutive annual dividend increases rather than the one-year growth rate, shows zero consecutive years of increases on record, one reading of the data that suggests the growth has not been part of a multi-year upward trend so much as a shift within a shorter window.
For income-focused investors, the yield and growth headline sits alongside other figures that complicate a simple read. The fund's trailing twelve-month earnings per share stand at negative $6.02, and its internal rank score, which blends yield quality, payout sustainability, profitability and valuation on a 0 to 100 scale, comes in at 29, below the threshold the same framework uses to flag a dividend as "solid." The fund's payment record spans two years, short of the two-decade history the data's "enduring" check looks for, and no dividend cut appears on record over that span. None of these figures amount to a forecast of future payments; they describe the trailing record as of the dates specified.
Oxford Lane Capital Corp operates as a closed-end investment fund managed by Oxford Lane Management LLC, focused on fixed income instruments, specifically securitization vehicles that in turn acquire senior secured loans made to companies with speculative-grade or unrated debt, a strategy commonly associated with collateralized loan obligation, or CLO, investing. The fund was established June 9, 2010, and is based in the United States. Its market capitalization stood at $12.19 billion on shares outstanding implied at 481.60 million, trading on the NASDAQ Global Market.
The dividend data arrives against a broader market session in which several large financial names moved sharply, with Charles Schwab down 6.1%, Wells Fargo down 3.9% and JPMorgan Chase down 3.4% on the day, while Micron Technology gained 5.0% and Amgen rose 4.3%. CLO-focused funds like Oxford Lane are sensitive to the direction of short-term rates and credit spreads, since the underlying senior secured loans they hold are typically floating rate instruments tied to benchmark rates. Moves in Treasury yields and credit conditions, rather than any single company announcement, tend to be the more relevant backdrop for how a fund structured this way performs over time, though the provided data does not attribute the current dividend figures to any specific rate move.
Looking ahead, the fund's next ex-dividend date of December 15, 2026, and payment date of December 31, 2026, are both scheduled based on the prior payment amount of $0.5469 per share, but the company has not yet filed a formal declaration for that distribution. Investors tracking the payout will be watching whether that declaration matches the scheduled amount, and whether the fund's payout ratio, currently marked as not applicable given its fund structure and reported as EPS-based for business development companies more broadly, shows any change when the next quarterly figures are reported for the period ending in the fund's fiscal fourth quarter. Whether the current 109.3% one-year growth figure represents a durable trend or a shorter-term rebound will likely become clearer only as additional quarters of payment history accumulate.