Oxford Lane Capital Corp. (OXLCN) to Issue Monthly Dividend of $0.15 on December 31st

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Thursday, October 24th,NASDAQ Dividends reports. Shareholders of record on Tuesday, December 17th will be given a dividend of 0.1484 per share on Tuesday, December 31st. This represents a $1.78 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date of this dividend is Tuesday, December 17th.

Oxford Lane Capital Stock Up 0.0 %

Shares of NASDAQ OXLCN opened at $24.11 on Friday. The stock has a fifty day simple moving average of $24.21 and a 200-day simple moving average of $24.14. Oxford Lane Capital has a twelve month low of $22.93 and a twelve month high of $24.50.

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.