Oxford Lane Capital Corp. (OXLCN) to Issue Monthly Dividend of $0.15 on October 31st

Oxford Lane Capital Corp. (NASDAQ:OXLCN) announced a monthly dividend on Monday, August 5th, Wall Street Journal reports. Investors of record on Thursday, October 17th will be paid a dividend of 0.1484 per share on Thursday, October 31st. This represents a $1.78 dividend on an annualized basis and a yield of 7.30%. The ex-dividend date is Thursday, October 17th. This is a positive change from Oxford Lane Capital’s previous monthly dividend of $0.15.

Oxford Lane Capital Stock Performance

Shares of OXLCN opened at $24.41 on Tuesday. Oxford Lane Capital has a 12-month low of $22.34 and a 12-month high of $24.46. The company has a 50-day moving average of $24.20 and a two-hundred day moving average of $23.97.

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.