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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) announced a monthly dividend on Wednesday, November 13th,Wall Street Journal reports. Shareholders of record on Friday, January 17th will be paid a dividend of 0.125 per share on Friday, January 31st. This represents a $1.50 annualized dividend and a dividend yield of 6.50%. The ex-dividend date is Friday, January 17th.

Oxford Lane Capital Trading Up 0.0 %

Oxford Lane Capital stock traded up $0.01 during midday trading on Wednesday, reaching $23.08. The stock had a trading volume of 1,527 shares, compared to its average volume of 2,266. Oxford Lane Capital has a 12 month low of $21.07 and a 12 month high of $23.47. The firm’s 50-day moving average price is $22.88 and its 200 day moving average price is $22.60.

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.