Oxford Lane Capital Corp. (OXLCN) To Go Ex-Dividend on May 16th

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Tuesday, January 28th,Wall Street Journal reports. Stockholders of record on Friday, May 16th will be given a dividend of 0.1484 per share on Friday, May 30th. This represents a $1.78 annualized dividend and a dividend yield of 7.31%. The ex-dividend date is Friday, May 16th. This is an increase from Oxford Lane Capital’s previous monthly dividend of $0.15.

Oxford Lane Capital Stock Performance

OXLCN opened at $24.38 on Thursday. Oxford Lane Capital has a 12 month low of $23.20 and a 12 month high of $24.50. The stock’s 50 day moving average price is $24.15 and its 200 day moving average price is $24.18.

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.