Oxford Lane Capital Corp. (OXLCN) to Issue Monthly Dividend of $0.15 on September 30th

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

Oxford Lane Capital Stock Performance

OXLCN traded up $0.17 during midday trading on Friday, hitting $24.36. 1,651 shares of the company traded hands, compared to its average volume of 3,071. The business has a 50 day simple moving average of $24.10 and a two-hundred day simple moving average of $23.84. Oxford Lane Capital has a 52-week low of $22.11 and a 52-week high of $24.36.

About Oxford Lane Capital

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.