Oxford Lane Capital Corp. (NASDAQ:OXLCP) Announces $0.13 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCP) declared a monthly dividend on Wednesday, November 13th,Wall Street Journal reports. Stockholders of record on Friday, January 17th will be given a dividend of 0.1302 per share on Friday, January 31st. This represents a $1.56 annualized dividend and a dividend yield of 6.48%. The ex-dividend date is Friday, January 17th.

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLCP opened at $24.11 on Wednesday. Oxford Lane Capital has a 12 month low of $23.15 and a 12 month high of $24.20. The company’s fifty day simple moving average is $24.05 and its 200 day simple moving average is $23.90.

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.