Oxford Lane Capital Corp. (NASDAQ:OXLCN) Plans $0.15 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCN) announced a monthly dividend on Thursday, July 25th, NASDAQ reports. Investors of record on Monday, September 16th will be given a dividend of 0.1484 per share on Monday, September 30th. This represents a $1.78 annualized dividend and a yield of 7.31%. The ex-dividend date of this dividend is Monday, September 16th.

Oxford Lane Capital Stock Performance

OXLCN stock traded up $0.17 during trading on Friday, hitting $24.36. The company had a trading volume of 1,651 shares, compared to its average volume of 3,071. The business has a 50 day moving average of $24.10 and a 200 day moving average of $23.84. Oxford Lane Capital has a fifty-two week low of $22.11 and a fifty-two week high of $24.36.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. is a close ended fund launched and managed by Oxford Lane Management LLC. It invests in fixed income securities. The fund primarily invests in securitization vehicles which in turn invest in senior secured loans made to companies whose debt is rated below investment grade or is unrated.