Oxford Lane Capital Corp. (NASDAQ:OXLCN) Raises Dividend to $0.15 Per Share

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Tuesday, January 28th,Wall Street Journal reports. Shareholders of record on Friday, May 16th will be paid a dividend of 0.1484 per share on Friday, May 30th. This represents a $1.78 annualized dividend and a yield of 7.33%. The ex-dividend date is Friday, May 16th. This is a boost from Oxford Lane Capital’s previous monthly dividend of $0.15.

Oxford Lane Capital Stock Performance

Shares of OXLCN remained flat at $24.31 during trading hours on Tuesday. 9,970 shares of the company were exchanged, compared to its average volume of 2,636. The company’s 50-day simple moving average is $24.15 and its 200-day simple moving average is $24.18. Oxford Lane Capital has a 52 week low of $23.20 and a 52 week high of $24.50.

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.