Oxford Lane Capital Corp. (NASDAQ:OXLCN) Announces $0.15 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCN) announced a monthly dividend on Thursday, January 29th. Stockholders of record on Tuesday, March 17th will be paid a dividend of 0.1484 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Tuesday, March 17th.

Oxford Lane Capital Price Performance

NASDAQ:OXLCN traded down $0.08 during trading hours on Friday, hitting $24.60. 3,063 shares of the company traded hands, compared to its average volume of 4,133. The firm has a 50-day moving average of $24.42 and a 200 day moving average of $24.36. Oxford Lane Capital has a twelve month low of $23.40 and a twelve month high of $24.78.

About Oxford Lane Capital

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.