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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) declared a monthly dividend on Wednesday, November 13th,Wall Street Journal reports. Stockholders of record on Friday, January 17th will be paid a dividend of 0.125 per share on Friday, January 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date is Friday, January 17th.

Oxford Lane Capital Trading Down 0.4 %

Shares of OXLCO stock opened at $22.98 on Friday. Oxford Lane Capital has a fifty-two week low of $21.07 and a fifty-two week high of $23.47. The stock has a 50 day simple moving average of $22.89 and a two-hundred day simple moving average of $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.