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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) announced a monthly dividend on Tuesday, August 6th,Wall Street Journal reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.125 per share on Friday, November 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date of this dividend is Friday, November 15th.

Oxford Lane Capital Stock Performance

Shares of Oxford Lane Capital stock opened at $23.08 on Thursday. The firm has a fifty day simple moving average of $22.89 and a 200-day simple moving average of $22.61. Oxford Lane Capital has a 1-year low of $21.07 and a 1-year high of $23.47.

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.