Oxford Lane Capital Corp. (OXLCN) to Issue Monthly Dividend of $0.15 on May 30th

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Tuesday, January 28th, Wall Street Journal reports. Shareholders of record on Friday, May 16th will be given a dividend of 0.1484 per share on Friday, May 30th. This represents a $1.78 dividend on an annualized basis and a yield of 7.42%. The ex-dividend date is Friday, May 16th. This is a 0.0% increase from Oxford Lane Capital’s previous monthly dividend of $0.15.

Oxford Lane Capital Stock Down 0.0%

NASDAQ OXLCN opened at $24.00 on Wednesday. The firm’s 50-day moving average is $23.89 and its two-hundred day moving average is $24.11. Oxford Lane Capital has a 12 month low of $23.40 and a 12 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.