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

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Thursday, November 14th,Wall Street Journal reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.1484 per share on Friday, February 28th. This represents a $1.78 annualized dividend and a yield of 7.30%. The ex-dividend date of this dividend is Friday, February 14th.

Oxford Lane Capital Trading Down 0.1 %

Shares of NASDAQ:OXLCN opened at $24.39 on Wednesday. The business’s 50 day simple moving average is $24.21 and its two-hundred day simple moving average is $24.20. Oxford Lane Capital has a 52-week low of $23.20 and a 52-week high of $24.50.

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.