Oxford Lane Capital Corp. (NASDAQ:OXLCN) Plans Monthly Dividend of $0.15

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Friday, January 24th, NASDAQ Dividends reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.1484 per share on Monday, March 31st. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date is Monday, March 17th.

Oxford Lane Capital Price Performance

OXLCN opened at $24.12 on Friday. Oxford Lane Capital has a 12-month low of $23.21 and a 12-month high of $24.50. The business’s fifty day simple moving average is $24.27 and its 200-day simple moving average is $24.22.

Oxford Lane Capital Company Profile

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.