Oxford Lane Capital Corp. (OXLCM) to Issue Monthly Dividend of $0.17 on May 29th

Oxford Lane Capital Corp. (NASDAQ:OXLCM) declared a monthly dividend on Wednesday, April 1st. Stockholders of record on Friday, May 15th will be given a dividend of 0.1719 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, May 15th.

Oxford Lane Capital Stock Performance

Shares of OXLCM stock opened at $25.31 on Wednesday. The business has a 50-day moving average of $24.92 and a 200 day moving average of $24.96. Oxford Lane Capital has a 1-year low of $24.40 and a 1-year high of $25.35.

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. Oxford Lane Capital Corp was formed on June 9, 2010 and is domiciled in the United States.