Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Plans Dividend Increase – $0.42 Per Share

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Saturday, March 15th will be paid a dividend of 0.4219 per share on Monday, March 31st. This represents a $1.69 annualized dividend and a yield of 7.15%. The ex-dividend date is Friday, March 14th. This is a boost from Oxford Lane Capital Corp. 6.75% Notes due 2031’s previous quarterly dividend of $0.42.

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

NASDAQ:OXLCL opened at $23.61 on Friday. The stock has a 50-day moving average price of $23.63 and a two-hundred day moving average price of $23.94. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 1 year low of $23.12 and a 1 year 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.