Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Declares Quarterly Dividend of $0.42

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 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date is Friday, March 14th. This is an increase 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 Trading Down 0.2 %

Oxford Lane Capital Corp. 6.75% Notes due 2031 stock traded down $0.04 during midday trading on Friday, reaching $23.61. 1,260 shares of the stock traded hands, compared to its average volume of 2,373. The firm has a fifty day moving average price of $23.64 and a two-hundred day moving average price of $23.94. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a fifty-two week low of $23.12 and a fifty-two week 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.