Oxford Lane Capital Corp. (NASDAQ:OXLCN) to Issue $0.15 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCN) announced a monthly dividend on Thursday, October 24th,NASDAQ Dividends reports. Investors of record on Tuesday, December 17th will be paid a dividend of 0.1484 per share on Tuesday, December 31st. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date of this dividend is Tuesday, December 17th.

Oxford Lane Capital Stock Up 0.0 %

Shares of OXLCN stock opened at $24.11 on Friday. The firm’s 50-day moving average is $24.21 and its two-hundred day moving average is $24.14. Oxford Lane Capital has a 12 month low of $22.93 and a 12 month high of $24.50.

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.