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

Oxford Lane Capital Corp. (NASDAQ:OXLCN) announced a monthly dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders of record on Friday, January 17th will be paid a dividend of 0.1484 per share on Friday, January 31st. This represents a $1.78 annualized dividend and a dividend yield of 7.29%. The ex-dividend date of this dividend is Friday, January 17th.

Oxford Lane Capital Price Performance

NASDAQ OXLCN traded down $0.03 during trading on Thursday, reaching $24.43. The company’s stock had a trading volume of 1,253 shares, compared to its average volume of 2,943. Oxford Lane Capital has a 1-year low of $22.49 and a 1-year high of $24.50. The business has a 50-day moving average price of $24.26 and a 200-day moving average price of $24.08.

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.