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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) announced 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 annualized dividend and a yield of 6.52%. The ex-dividend date of this dividend is Monday, March 17th.

Oxford Lane Capital Stock Down 0.3 %

Shares of Oxford Lane Capital stock opened at $22.99 on Friday. The business’s fifty day simple moving average is $22.96 and its 200-day simple moving average is $22.91. Oxford Lane Capital has a 52 week low of $21.92 and a 52 week 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.