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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) announced a monthly dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Friday, February 14th will be paid a dividend of 0.125 per share on Friday, February 28th. This represents a $1.50 annualized dividend and a dividend yield of 6.50%. The ex-dividend date is Friday, February 14th.

Oxford Lane Capital Stock Performance

Shares of NASDAQ OXLCO opened at $23.08 on Friday. Oxford Lane Capital has a one year low of $21.07 and a one year high of $23.47. The business’s 50-day moving average price is $22.90 and its two-hundred day moving average price is $22.61.

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.