Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) declared a monthly dividend on Wednesday, November 13th,Wall Street Journal reports. Investors of record on Friday, January 17th will be paid a dividend of 0.1302 per share on Friday, January 31st. This represents a $1.56 annualized dividend and a yield of 6.49%. The ex-dividend date of this dividend is Friday, January 17th.
Oxford Lane Capital has increased its dividend payment by an average of 4.1% per year over the last three years.
Oxford Lane Capital Price Performance
Shares of NASDAQ:OXLCP remained flat at $24.06 during midday trading on Wednesday. The stock had a trading volume of 1,364 shares, compared to its average volume of 5,577. Oxford Lane Capital has a fifty-two week low of $22.72 and a fifty-two week high of $24.16. The firm has a fifty day simple moving average of $23.97 and a 200 day simple moving average of $23.74.
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.
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