Oxford Lane Capital Corp. (NASDAQ:OXLCO) Declares $0.13 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCO) declared a monthly dividend on Friday, May 17th, Wall Street Journal reports. Investors of record on Friday, August 16th will be given a dividend of 0.125 per share on Friday, August 30th. This represents a $1.50 dividend on an annualized basis and a yield of 6.62%. The ex-dividend date is Friday, August 16th.

Oxford Lane Capital Trading Up 0.1 %

Shares of NASDAQ:OXLCO opened at $22.66 on Thursday. Oxford Lane Capital has a 52-week low of $20.70 and a 52-week high of $22.75. The company has a fifty day moving average of $22.48 and a 200-day moving average of $22.29.

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.