Oxford Lane Capital Corp. (NASDAQ:OXLCN) to Issue Monthly Dividend of $0.15

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Tuesday, May 20th, Wall Street Journal reports. Stockholders of record on Friday, August 15th will be given a dividend of 0.1484 per share on Friday, August 29th. This represents a $1.78 annualized dividend and a dividend yield of 7.45%. The ex-dividend date of this dividend is Friday, August 15th. This is a 0.0% increase from Oxford Lane Capital’s previous monthly dividend of $0.15.

Oxford Lane Capital Stock Performance

Shares of OXLCN traded down $0.07 during mid-day trading on Tuesday, reaching $23.90. The company’s stock had a trading volume of 788 shares, compared to its average volume of 2,947. Oxford Lane Capital has a 1-year low of $23.40 and a 1-year high of $24.50. The business has a 50-day simple moving average of $23.88 and a two-hundred day simple moving average of $24.10.

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.