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

Oxford Lane Capital Corp. (NASDAQ:OXLCN) announced a monthly dividend on Friday, January 24th, NASDAQ Dividends reports. Investors of record on Monday, March 17th will be paid a dividend of 0.1484 per share on Monday, March 31st. This represents a $1.78 annualized dividend and a dividend yield of 7.39%. The ex-dividend date of this dividend is Monday, March 17th.

Oxford Lane Capital Stock Performance

Shares of NASDAQ OXLCN opened at $24.12 on Friday. Oxford Lane Capital has a fifty-two week low of $23.21 and a fifty-two week high of $24.50. The company’s 50 day simple moving average is $24.27 and its 200 day simple moving average is $24.22.

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.