Oxford Lane Capital Corp. (NASDAQ:OXLCN) to Issue $0.15 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCN) announced a monthly dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Friday, February 14th will be given a dividend of 0.1484 per share on Friday, February 28th. This represents a $1.78 annualized dividend and a yield of 7.29%. The ex-dividend date of this dividend is Friday, February 14th.

Oxford Lane Capital Stock Down 0.1 %

NASDAQ:OXLCN opened at $24.43 on Friday. The firm’s 50-day moving average price is $24.26 and its 200-day moving average price is $24.08. Oxford Lane Capital has a 1-year low of $22.49 and a 1-year high of $24.50.

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.