Oxford Lane Capital Corp. (NASDAQ:OXLCM) to Issue $0.14 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCM) declared a monthly dividend on Thursday, July 27th, NASDAQ reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.1406 per share on Friday, September 29th. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.77%. The ex-dividend date of this dividend is Thursday, September 14th.

Oxford Lane Capital Price Performance

OXLCM stock traded down $0.02 during midday trading on Tuesday, hitting $24.91. The stock had a trading volume of 960 shares, compared to its average volume of 3,883. The business has a 50-day moving average of $24.80 and a two-hundred day moving average of $24.74. Oxford Lane Capital has a 52-week low of $24.01 and a 52-week high of $25.37.

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.