Oxford Lane Capital Corp. (OXLCO) to Issue Monthly Dividend of $0.13 on January 31st

Oxford Lane Capital Corp. (NASDAQ:OXLCO) announced a monthly dividend on Wednesday, November 13th,Wall Street Journal reports. Investors of record on Friday, January 17th will be paid a dividend of 0.125 per share on Friday, January 31st. This represents a $1.50 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date is Friday, January 17th.

Oxford Lane Capital Stock Performance

NASDAQ:OXLCO opened at $22.98 on Friday. The stock’s 50-day moving average is $22.89 and its 200-day moving average is $22.61. Oxford Lane Capital has a 1-year low of $21.07 and a 1-year high of $23.47.

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.