Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) declared a monthly dividend on Wednesday, November 13th,Wall Street Journal reports. Investors of record on Friday, January 17th will be given a dividend of 0.1302 per share on Friday, January 31st. This represents a $1.56 annualized dividend and a yield of 6.51%. The ex-dividend date of this dividend is Friday, January 17th.
Oxford Lane Capital has raised its dividend payment by an average of 4.1% per year over the last three years.
Oxford Lane Capital Stock Down 0.2 %
Shares of OXLCP opened at $24.00 on Friday. Oxford Lane Capital has a twelve month low of $22.72 and a twelve month high of $24.16. The firm’s 50 day moving average price is $23.98 and its 200 day moving average price is $23.74.
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.
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