Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) announced a monthly dividend on Tuesday, August 6th,Wall Street Journal reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.1302 per share on Friday, November 29th. This represents a $1.56 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend is Friday, November 15th.
Oxford Lane Capital has raised its dividend payment by an average of 4.1% per year over the last three years.
Oxford Lane Capital Price Performance
Shares of OXLCP opened at $24.06 on Wednesday. Oxford Lane Capital has a 52-week low of $22.72 and a 52-week high of $24.16. The business’s 50 day moving average price is $23.97 and its two-hundred day moving average price is $23.74.
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.
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