Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) declared a monthly dividend on Thursday, November 14th,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 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date of this dividend is Friday, January 17th.
Oxford Lane Capital has raised its dividend payment by an average of 4.1% annually over the last three years.
Oxford Lane Capital Trading Up 0.1 %
OXLCP traded up $0.03 on Thursday, hitting $24.09. 209 shares of the stock were exchanged, compared to its average volume of 5,553. Oxford Lane Capital has a 12 month low of $22.72 and a 12 month high of $24.16. The business has a 50-day moving average of $23.97 and a two-hundred day moving average of $23.74.
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.
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