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

Oxford Lane Capital Corp. (NASDAQ:OXLCP) announced a monthly dividend on Tuesday, January 28th,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 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date of this dividend is Friday, May 16th.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLCP opened at $24.14 on Wednesday. The firm’s 50-day moving average price is $24.07 and its two-hundred day moving average price is $23.94. Oxford Lane Capital has a 52-week low of $23.15 and a 52-week high of $24.20.

About Oxford Lane Capital

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.