Oxford Lane Capital Corp. (OXLCN) to Issue Monthly Dividend of $0.15 on November 28th

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Tuesday, July 22nd, Wall Street Journal reports. Shareholders of record on Friday, November 14th will be given a dividend of 0.1484 per share on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Friday, November 14th. This is a 0.0% increase from Oxford Lane Capital’s previous monthly dividend of $0.15.

Oxford Lane Capital Stock Down 0.2%

NASDAQ:OXLCN opened at $24.45 on Wednesday. Oxford Lane Capital has a 1-year low of $23.40 and a 1-year high of $24.75. The firm’s 50-day moving average price is $24.37 and its 200-day moving average price is $24.22.

Oxford Lane Capital 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.