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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) declared a monthly dividend on Thursday, July 25th, NASDAQ reports. Stockholders of record on Monday, September 16th will be paid a dividend of 0.125 per share on Monday, September 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date is Monday, September 16th.

Oxford Lane Capital Stock Down 0.1 %

Shares of OXLCO stock traded down $0.02 during trading hours on Friday, reaching $22.76. 415 shares of the company’s stock were exchanged, compared to its average volume of 2,324. Oxford Lane Capital has a fifty-two week low of $20.70 and a fifty-two week high of $22.78. The business has a fifty day moving average price of $22.60 and a 200-day moving average price of $22.38.

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.