Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) declared a monthly dividend on Monday, August 5th, Wall Street Journal reports. Shareholders of record on Thursday, October 17th will be given a dividend of 0.1302 per share on Thursday, October 31st. This represents a $1.56 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date of this dividend is Thursday, October 17th.
Oxford Lane Capital has raised its dividend payment by an average of 4.1% annually over the last three years.
Oxford Lane Capital Stock Up 0.2 %
Shares of OXLCP stock traded up $0.05 during trading hours on Monday, reaching $23.77. The stock had a trading volume of 3,495 shares, compared to its average volume of 6,214. Oxford Lane Capital has a twelve month low of $22.58 and a twelve month high of $23.78. The firm has a 50-day simple moving average of $23.56 and a 200-day simple moving average of $23.48.
About Oxford Lane Capital
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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