Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) announced a monthly dividend on Thursday, November 14th,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.1302 per share on Friday, February 28th. This represents a $1.56 annualized dividend and a yield of 6.51%. The ex-dividend date of this dividend is Friday, February 14th.
Oxford Lane Capital has increased its dividend by an average of 4.1% annually over the last three years.
Oxford Lane Capital Stock Performance
Shares of NASDAQ OXLCP opened at $24.00 on Friday. The stock’s 50 day moving average price is $23.98 and its two-hundred day moving average price is $23.74. Oxford Lane Capital has a 52-week low of $22.72 and a 52-week high of $24.16.
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.
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