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

Oxford Lane Capital Corp. (NASDAQ:OXLCN) announced a monthly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors of record on Friday, May 16th will be given a dividend of 0.1484 per share on Friday, May 30th. This represents a $1.78 annualized dividend and a yield of 7.33%. The ex-dividend date of this dividend is Friday, May 16th.

Oxford Lane Capital Price Performance

Shares of Oxford Lane Capital stock opened at $24.31 on Wednesday. Oxford Lane Capital has a 52 week low of $23.20 and a 52 week high of $24.50. The stock has a 50 day moving average price of $24.15 and a two-hundred day moving average price of $24.18.

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.