Oxford Lane Capital Corp. (NASDAQ:OXLCO) Plans $0.13 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCO) declared a monthly dividend on Tuesday, January 28th,Wall Street Journal reports. Stockholders of record on Friday, May 16th will be given a dividend of 0.125 per share on Friday, May 30th. This represents a $1.50 annualized dividend and a dividend yield of 6.54%. The ex-dividend date of this dividend is Friday, May 16th.

Oxford Lane Capital Trading Down 0.1 %

NASDAQ OXLCO traded down $0.03 during trading on Tuesday, hitting $22.95. The stock had a trading volume of 334 shares, compared to its average volume of 3,514. Oxford Lane Capital has a 12 month low of $21.69 and a 12 month high of $23.47. The company’s 50-day moving average price is $22.90 and its two-hundred day moving average price is $22.81.

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.