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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) declared a monthly dividend on Tuesday, January 28th,Wall Street Journal reports. Shareholders of record on Friday, May 16th will be given a dividend of 0.125 per share on Friday, May 30th. This represents a $1.50 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date of this dividend is Friday, May 16th.

Oxford Lane Capital Stock Performance

Shares of Oxford Lane Capital stock traded down $0.03 on Tuesday, reaching $22.95. 334 shares of the stock were exchanged, compared to its average volume of 3,514. The firm’s 50 day moving average is $22.90 and its 200-day moving average is $22.81. Oxford Lane Capital has a one year low of $21.69 and a one year 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.