Oxford Lane Capital Corp. (OXLCO) to Issue Monthly Dividend of $0.13 on May 30th

Oxford Lane Capital Corp. (NASDAQ:OXLCO) declared a monthly dividend on Tuesday, January 28th,Wall Street Journal reports. Investors of record on Friday, May 16th will be given a dividend of 0.125 per share on Friday, May 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date of this dividend is Friday, May 16th.

Oxford Lane Capital Trading Down 0.5 %

Shares of OXLCO stock opened at $22.95 on Thursday. The firm has a 50-day moving average of $22.89 and a 200-day moving average of $22.82. Oxford Lane Capital has a one year low of $21.69 and a one year high of $23.47.

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.