Oxford Lane Capital Corp. (NASDAQ:OXLCN) Plans Dividend Increase – $0.15 Per Share

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Wednesday, January 31st, Wall Street Journal reports. Shareholders of record on Tuesday, April 16th will be paid a dividend of 0.1484 per share on Tuesday, April 30th. This represents a $1.78 annualized dividend and a yield of 7.56%. The ex-dividend date of this dividend is Monday, April 15th. This is a positive change from Oxford Lane Capital’s previous monthly dividend of $0.15.

Oxford Lane Capital Stock Performance

Shares of NASDAQ OXLCN opened at $23.55 on Friday. Oxford Lane Capital has a 52-week low of $22.11 and a 52-week high of $24.30. The firm has a 50 day moving average price of $23.51 and a two-hundred day moving average price of $23.27.

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.