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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) declared a monthly dividend on Tuesday, August 6th, Wall Street Journal reports. Stockholders of record on Friday, November 15th will be given 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 6.64%. The ex-dividend date of this dividend is Friday, November 15th.

Oxford Lane Capital Trading Up 0.0 %

Shares of OXLCO stock opened at $22.58 on Wednesday. Oxford Lane Capital has a 52-week low of $20.70 and a 52-week high of $22.70. The business’s fifty day moving average is $22.45 and its 200 day moving average is $22.28.

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.