Oxford Lane Capital Corp. (NASDAQ:OXLCO) to Issue Monthly Dividend of $0.13

Oxford Lane Capital Corp. (NASDAQ:OXLCO) announced a monthly dividend on Thursday, July 25th, NASDAQ reports. Investors of record on Monday, September 16th will be given a dividend of 0.125 per share on Monday, September 30th. This represents a $1.50 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date is Monday, September 16th.

Oxford Lane Capital Stock Down 0.1 %

Oxford Lane Capital stock opened at $22.76 on Friday. The firm’s fifty day moving average price is $22.60 and its 200 day moving average price is $22.38. Oxford Lane Capital has a 12-month low of $20.70 and a 12-month high of $22.78.

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.