Oxford Lane Capital Corp. (NASDAQ:OXLCM) Declares $0.17 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCM) declared a monthly dividend on Tuesday, July 28th. Shareholders of record on Wednesday, September 16th will be given a dividend of 0.1719 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Wednesday, September 16th.

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLCM traded up $0.32 during midday trading on Tuesday, hitting $25.17. 13,693 shares of the stock traded hands, compared to its average volume of 15,826. The business’s 50 day moving average is $25.10 and its two-hundred day moving average is $25.01. Oxford Lane Capital has a one year low of $24.40 and a one year high of $25.48.

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. Oxford Lane Capital Corp was formed on June 9, 2010 and is domiciled in the United States.