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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) announced a monthly dividend on Thursday, October 24th,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 17th will be paid a dividend of 0.125 per share on Tuesday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 6.55%. The ex-dividend date is Tuesday, December 17th.

Oxford Lane Capital Trading Down 0.5 %

NASDAQ OXLCO opened at $22.90 on Friday. The stock has a 50 day moving average price of $22.97 and a 200-day moving average price of $22.72. Oxford Lane Capital has a one year low of $21.50 and a one year high of $23.47.

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.