Oxford Lane Capital Corp. Declares Monthly Dividend of $0.17 (NASDAQ:OXLCM)

Oxford Lane Capital Corp. (NASDAQ:OXLCM) declared a monthly dividend on Tuesday, July 28th. Stockholders of record on Friday, October 16th will be given a dividend of 0.1719 per share on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Friday, October 16th.

Oxford Lane Capital Stock Up 1.3%

Shares of Oxford Lane Capital stock traded up $0.32 during trading on Tuesday, hitting $25.17. 13,693 shares of the stock were exchanged, compared to its average volume of 15,826. Oxford Lane Capital has a 12 month low of $24.40 and a 12 month high of $25.48. The stock’s fifty day moving average is $25.10 and its 200 day moving average is $25.01.

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. Oxford Lane Capital Corp was formed on June 9, 2010 and is domiciled in the United States.