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

Oxford Lane Capital Corp. (NASDAQ:OXLCP) announced a monthly dividend on Tuesday, August 6th,Wall Street Journal reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.1302 per share on Friday, November 29th. This represents a $1.56 annualized dividend and a dividend yield of 6.49%. The ex-dividend date of this dividend is Friday, November 15th.

Oxford Lane Capital has raised its dividend payment by an average of 4.1% annually over the last three years.

Oxford Lane Capital Trading Up 0.0 %

NASDAQ OXLCP opened at $24.06 on Wednesday. The company’s 50 day simple moving average is $23.97 and its two-hundred day simple moving average is $23.74. Oxford Lane Capital has a 1 year low of $22.72 and a 1 year high of $24.16.

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.