Oxford Lane Capital Corp. (OXLCN) To Go Ex-Dividend on January 17th

Oxford Lane Capital Corp. (NASDAQ:OXLCN) announced a monthly dividend on Wednesday, November 13th,Wall Street Journal reports. Shareholders of record on Friday, January 17th will be given a dividend of 0.1484 per share on Friday, January 31st. This represents a $1.78 annualized dividend and a yield of 7.33%. The ex-dividend date is Friday, January 17th. This is a boost from Oxford Lane Capital’s previous monthly dividend of $0.15.

Oxford Lane Capital Stock Performance

Oxford Lane Capital stock opened at $24.30 on Wednesday. Oxford Lane Capital has a 1 year low of $23.20 and a 1 year high of $24.50. The firm’s 50-day moving average is $24.16 and its 200-day moving average is $24.16.

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.