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

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Thursday, October 24th,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 17th will be paid a dividend of 0.1484 per share on Tuesday, December 31st. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date is Tuesday, December 17th.

Oxford Lane Capital Stock Up 0.0 %

Shares of NASDAQ OXLCN opened at $24.11 on Friday. Oxford Lane Capital has a one year low of $22.93 and a one year high of $24.50. The business’s fifty day moving average price is $24.21 and its 200-day moving average price is $24.14.

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.