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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) declared a monthly dividend on Friday, January 24th, NASDAQ Dividends reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.125 per share on Monday, March 31st. This represents a $1.50 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date of this dividend is Monday, March 17th.

Oxford Lane Capital Price Performance

NASDAQ OXLCO opened at $22.99 on Friday. The firm has a 50 day simple moving average of $22.96 and a 200-day simple moving average of $22.91. Oxford Lane Capital has a one year low of $21.92 and a one year high of $23.47.

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.