Oxford Lane Capital Corp. (OXLCP) To Go Ex-Dividend on May 16th

Oxford Lane Capital Corp. (NASDAQ:OXLCP) declared a monthly dividend on Wednesday, January 29th,Wall Street Journal reports. Investors of record on Friday, May 16th will be paid a dividend of 0.1302 per share on Friday, May 30th. This represents a $1.56 annualized dividend and a dividend yield of 6.47%. The ex-dividend date is Friday, May 16th.

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLCP opened at $24.15 on Friday. Oxford Lane Capital has a 12 month low of $23.15 and a 12 month high of $24.20. The business has a 50-day moving average of $24.07 and a two-hundred day moving average of $23.94.

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.