Oxford Lane Capital Corp. 6.75% Notes due 2031 Declares Quarterly Dividend of $0.42 (NASDAQ:OXLCL)

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) announced a quarterly dividend on Monday, March 24th, Wall Street Journal reports. Stockholders of record on Monday, December 15th will be paid a dividend of 0.4219 per share on Wednesday, December 31st. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date of this dividend is Monday, December 15th.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Performance

Shares of Oxford Lane Capital Corp. 6.75% Notes due 2031 stock opened at $23.43 on Monday. The firm’s 50-day simple moving average is $23.67 and its 200-day simple moving average is $23.91. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 1 year low of $23.12 and a 1 year high of $24.68.

Oxford Lane Capital Corp. 6.75% Notes due 2031 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.