Oxford Lane Capital Corp. (OXLCO) to Issue Monthly Dividend of $0.13 on February 28th

Oxford Lane Capital Corp. (NASDAQ:OXLCO) announced a monthly dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Friday, February 14th will be paid a dividend of 0.125 per share on Friday, February 28th. This represents a $1.50 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date is Friday, February 14th.

Oxford Lane Capital Trading Up 1.0 %

Shares of NASDAQ:OXLCO opened at $23.08 on Friday. The stock has a fifty day moving average of $22.90 and a 200-day moving average of $22.61. Oxford Lane Capital has a one year low of $21.07 and a one year high of $23.47.

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.