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

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) announced a quarterly dividend on Friday, March 21st, Wall Street Journal reports. Investors of record on Monday, December 15th will be paid a dividend of 0.4219 per share on Wednesday, December 31st. This represents a $1.69 annualized dividend and a yield of 7.20%. The ex-dividend date of this dividend is Monday, December 15th.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Trading Up 0.7 %

Shares of NASDAQ OXLCL opened at $23.43 on Friday. The firm’s 50 day moving average price is $23.67 and its 200-day moving average price is $23.91. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 52-week low of $23.12 and a 52-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.