Oxford Lane Capital Corp. 6.75% Notes due 2031 Announces Quarterly Dividend of $0.42 (NASDAQ:OXLCL)

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) declared a quarterly dividend on Monday, December 9th,Wall Street Journal reports. Investors of record on Sunday, December 15th will be paid a dividend of 0.4219 per share on Tuesday, December 31st. This represents a $1.69 annualized dividend and a dividend yield of 7.09%. The ex-dividend date of this dividend is Friday, December 13th.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance

OXLCL stock opened at $23.79 on Wednesday. The stock has a 50-day moving average price of $24.13 and a two-hundred day moving average price of $23.99. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 12-month low of $22.60 and a 12-month high of $24.68.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

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.