Oxford Lane Capital Corp. (NASDAQ:OXLCN) Announces $0.15 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Thursday, November 14th,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.1484 per share on Friday, February 28th. This represents a $1.78 annualized dividend and a dividend yield of 7.30%. The ex-dividend date of this dividend is Friday, February 14th.

Oxford Lane Capital Price Performance

OXLCN opened at $24.40 on Friday. The firm has a 50 day simple moving average of $24.27 and a 200 day simple moving average of $24.09. Oxford Lane Capital has a fifty-two week low of $22.49 and a fifty-two week high of $24.50.

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.