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

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Tuesday, August 6th,Wall Street Journal reports. Investors of record on Friday, November 15th will be paid a dividend of 0.1484 per share on Friday, November 29th. This represents a $1.78 annualized dividend and a yield of 7.28%. The ex-dividend date is Friday, November 15th.

Oxford Lane Capital Trading Up 0.5 %

Shares of NASDAQ OXLCN opened at $24.46 on Thursday. The firm’s 50-day simple moving average is $24.25 and its 200 day simple moving average is $24.08. Oxford Lane Capital has a 12-month low of $22.49 and a 12-month high of $24.50.

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.