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

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Thursday, October 24th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 17th will be paid a dividend of 0.1484 per share on Tuesday, December 31st. This represents a $1.78 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date is Tuesday, December 17th.

Oxford Lane Capital Stock Performance

Shares of NASDAQ OXLCN opened at $24.11 on Friday. The stock’s 50-day simple moving average is $24.21 and its two-hundred day simple moving average is $24.14. Oxford Lane Capital has a twelve month low of $22.93 and a twelve month high of $24.50.

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.