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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) declared a monthly dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Friday, February 14th will be given a dividend of 0.125 per share on Friday, February 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date of this dividend is Friday, February 14th.

Oxford Lane Capital Price Performance

OXLCO stock opened at $23.05 on Wednesday. Oxford Lane Capital has a 1-year low of $21.78 and a 1-year high of $23.47. The business’s 50 day simple moving average is $22.90 and its 200 day simple moving average is $22.85.

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.