Oxford Lane Capital Corp. (NASDAQ:OXLCN) to Issue $0.15 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Wednesday, January 29th,Wall Street Journal reports. Stockholders of record on Friday, May 16th will be given a dividend of 0.1484 per share on Friday, May 30th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date of this dividend is Friday, May 16th.

Oxford Lane Capital Stock Performance

Shares of Oxford Lane Capital stock opened at $24.31 on Wednesday. The business’s fifty day simple moving average is $24.15 and its 200 day simple moving average is $24.18. Oxford Lane Capital has a 12 month low of $23.20 and a 12 month high of $24.50.

Oxford Lane Capital Company Profile

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.