Oxford Lane Capital Corp. (NASDAQ:OXLCP) Announces Monthly Dividend of $0.13

Oxford Lane Capital Corp. (NASDAQ:OXLCP) announced a monthly dividend on Wednesday, January 29th,Wall Street Journal reports. Shareholders of record on Friday, May 16th will be paid a dividend of 0.1302 per share on Friday, May 30th. This represents a $1.56 annualized dividend and a yield of 6.47%. The ex-dividend date is Friday, May 16th.

Oxford Lane Capital Stock Performance

Oxford Lane Capital stock opened at $24.15 on Friday. The company has a 50-day simple moving average of $24.07 and a 200-day simple moving average of $23.94. Oxford Lane Capital has a one year low of $23.15 and a one year high of $24.20.

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.