Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) Declares Quarterly Dividend of $0.42

Oxford Lane Capital Corp. 6.75% Notes due 2031 (NASDAQ:OXLCL) announced a quarterly dividend on Friday, March 21st, Wall Street Journal reports. Stockholders of record on Monday, December 15th will be paid a dividend of 0.4219 per share on Wednesday, December 31st. This represents a $1.69 dividend on an annualized basis and a dividend yield of 7.21%. The ex-dividend date of this dividend is Monday, December 15th.

Oxford Lane Capital Corp. 6.75% Notes due 2031 Price Performance

Shares of NASDAQ OXLCL traded up $0.13 during trading hours on Friday, reaching $23.40. 5,139 shares of the stock were exchanged, compared to its average volume of 3,316. The stock’s fifty day simple moving average is $23.67 and its 200 day simple moving average is $23.92. Oxford Lane Capital Corp. 6.75% Notes due 2031 has a 52 week low of $23.12 and a 52 week high of $24.68.

Oxford Lane Capital Corp. 6.75% Notes due 2031 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.