Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) to Issue $0.42 Quarterly Dividend

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) announced a quarterly dividend on Monday, March 24th, Wall Street Journal reports. Shareholders of record on Monday, December 15th will be given a dividend of 0.4219 per share on Wednesday, December 31st. This represents a $1.69 dividend on an annualized basis and a yield of 7.21%. The ex-dividend date is Monday, December 15th.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Stock Performance

NASDAQ OXLCL opened at $23.40 on Tuesday. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a twelve month low of $23.12 and a twelve month high of $24.68. The stock has a fifty day simple moving average of $23.67 and a 200 day simple moving average of $23.90.

About Oxford Lane Capital Corp. 6.75% Notes due 2031

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.