Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Plans Quarterly Dividend of $0.42

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) declared a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Saturday, March 15th will be given a dividend of 0.4219 per share on Monday, March 31st. This represents a $1.69 annualized dividend and a dividend yield of 7.15%. The ex-dividend date is Friday, March 14th. This is a boost from Oxford Lane Capital Corp. 6.75% Notes due 2031’s previous quarterly dividend of $0.42.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Performance

Shares of NASDAQ:OXLCL traded down $0.04 during midday trading on Friday, hitting $23.61. 1,260 shares of the company’s stock traded hands, compared to its average volume of 2,373. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a twelve month low of $23.12 and a twelve month high of $24.68. The firm’s fifty day moving average price is $23.64 and its two-hundred day moving average price is $23.94.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

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.