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

Oxford Lane Capital Corp. (NASDAQ:OXLCP) declared a monthly dividend on Tuesday, January 28th,Wall Street Journal reports. Investors of record on Friday, May 16th will be paid a dividend of 0.1302 per share on Friday, May 30th. This represents a $1.56 annualized dividend and a yield of 6.46%. The ex-dividend date is Friday, May 16th.

Oxford Lane Capital Stock Up 0.1 %

Shares of OXLCP stock opened at $24.18 on Thursday. The stock has a 50-day simple moving average of $24.07 and a 200 day simple moving average of $23.94. Oxford Lane Capital has a fifty-two week low of $23.15 and a fifty-two week high of $24.20.

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.