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

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Tuesday, August 6th,Wall Street Journal reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.1484 per share on Friday, November 29th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.32%. The ex-dividend date is Friday, November 15th.

Oxford Lane Capital Stock Performance

Shares of OXLCN stock opened at $24.33 on Wednesday. Oxford Lane Capital has a 52-week low of $22.49 and a 52-week high of $24.50. The firm has a fifty day moving average of $24.24 and a 200-day moving average of $24.08.

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.