Oxford Lane Capital Corp. (NASDAQ:OXLCP) Announces Monthly Dividend of $0.13

Oxford Lane Capital Corp. (NASDAQ:OXLCP) announced a monthly dividend on Tuesday, May 20th, Wall Street Journal reports. Shareholders of record on Friday, August 15th will be given a dividend of 0.1302 per share on Friday, August 29th. This represents a $1.56 dividend on an annualized basis and a yield of 6.44%. The ex-dividend date of this dividend is Friday, August 15th.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLCP traded up $0.02 during mid-day trading on Tuesday, hitting $24.28. The company had a trading volume of 10,396 shares, compared to its average volume of 6,392. Oxford Lane Capital has a 1 year low of $23.30 and a 1 year high of $24.46. The stock’s 50-day moving average price is $24.18 and its 200-day moving average price is $24.13.

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.