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

Oxford Lane Capital Corp. (NASDAQ:OXLCP) announced a monthly dividend on Tuesday, January 28th,Wall Street Journal reports. Stockholders of record on Friday, May 16th will be given a dividend of 0.1302 per share on Friday, May 30th. This represents a $1.56 annualized dividend and a dividend yield of 6.47%. The ex-dividend date is Friday, May 16th.

Oxford Lane Capital Price Performance

Oxford Lane Capital stock traded down $0.01 during trading on Tuesday, reaching $24.14. The company had a trading volume of 10,751 shares, compared to its average volume of 6,621. Oxford Lane Capital has a 1-year low of $23.15 and a 1-year high of $24.20. The firm’s 50-day simple moving average is $24.07 and its 200 day simple moving average is $23.93.

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.