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

Oxford Lane Capital Corp. (NASDAQ:OXLCP) declared a monthly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors of record on Friday, May 16th will be given a dividend of 0.1302 per share on Friday, May 30th. This represents a $1.56 annualized dividend and a yield of 6.46%. The ex-dividend date is Friday, May 16th.

Oxford Lane Capital Stock Performance

OXLCP stock opened at $24.18 on Thursday. The company has a 50 day moving average price of $24.07 and a 200 day moving average price of $23.94. Oxford Lane Capital has a fifty-two week low of $23.15 and a fifty-two 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.