Oxford Lane Capital Corp. 5.00% Notes due 2027 Plans Quarterly Dividend of $0.31 (NASDAQ:OXLCZ)

Oxford Lane Capital Corp. 5.00% Notes due 2027 (NASDAQ:OXLCZ) declared a quarterly dividend on Monday, March 24th, Wall Street Journal reports. Investors of record on Monday, December 15th will be paid a dividend of 0.3125 per share on Wednesday, December 31st. This represents a $1.25 dividend on an annualized basis and a yield of 5.25%. The ex-dividend date is Monday, December 15th.

Oxford Lane Capital Corp. 5.00% Notes due 2027 Stock Performance

Shares of OXLCZ stock opened at $23.83 on Monday. The business has a fifty day moving average of $23.92 and a 200 day moving average of $23.76. Oxford Lane Capital Corp. 5.00% Notes due 2027 has a 1 year low of $22.95 and a 1 year high of $24.37.

About Oxford Lane Capital Corp. 5.00% Notes due 2027

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.