Oxford Lane Capital Corp. (NASDAQ:OXLCP) Plans Monthly Dividend of $0.13

Oxford Lane Capital Corp. (NASDAQ:OXLCPGet Free Report) announced a monthly dividend on Thursday, February 1st, Wall Street Journal reports. Stockholders of record on Friday, May 17th will be given a dividend of 0.1302 per share on Friday, May 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.61%. The ex-dividend date of this dividend is Thursday, May 16th.

Oxford Lane Capital has increased its dividend by an average of 4.1% per year over the last three years.

Oxford Lane Capital Price Performance

OXLCP stock opened at $23.64 on Wednesday. The business’s 50 day simple moving average is $23.44 and its 200 day simple moving average is $23.27. Oxford Lane Capital has a 1-year low of $22.25 and a 1-year high of $23.77.

About Oxford Lane Capital

(Get Free Report)

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.

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Dividend History for Oxford Lane Capital (NASDAQ:OXLCP)

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