Oxford Lane Capital Corp. (NASDAQ:OXLCO) Declares Monthly Dividend of $0.13

Oxford Lane Capital Corp. (NASDAQ:OXLCO) declared a monthly dividend on Wednesday, November 13th,Wall Street Journal reports. Investors of record on Friday, January 17th will be given a dividend of 0.125 per share on Friday, January 31st. This represents a $1.50 annualized dividend and a yield of 6.50%. The ex-dividend date of this dividend is Friday, January 17th.

Oxford Lane Capital Stock Performance

Oxford Lane Capital stock traded up $0.01 during trading hours on Thursday, reaching $23.08. 150 shares of the company’s stock traded hands, compared to its average volume of 2,256. Oxford Lane Capital has a fifty-two week low of $21.07 and a fifty-two week high of $23.47. The firm’s 50 day moving average is $22.89 and its 200-day moving average is $22.61.

Oxford Lane Capital Company Profile

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.