Oxford Lane Capital Corp. Announces Monthly Dividend of $0.13 (NASDAQ:OXLCO)

Oxford Lane Capital Corp. (NASDAQ:OXLCO) announced a monthly dividend on Tuesday, August 6th,Wall Street Journal reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.125 per share on Friday, November 29th. This represents a $1.50 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date is Friday, November 15th.

Oxford Lane Capital Trading Up 0.0 %

NASDAQ OXLCO opened at $23.08 on Thursday. The company has a 50 day moving average price of $22.89 and a two-hundred day moving average price of $22.61. Oxford Lane Capital has a 12-month low of $21.07 and a 12-month 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.