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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) 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 0.125 per share on Tuesday, April 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.82%. The ex-dividend date is Monday, April 15th.

Oxford Lane Capital Trading Down 0.8 %

NASDAQ:OXLCO opened at $22.00 on Friday. Oxford Lane Capital has a one year low of $20.52 and a one year high of $22.66. The business’s 50-day simple moving average is $22.13 and its 200 day simple moving average is $21.92.

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.