Oxford Lane Capital Corp. (OXLCP) to Issue Monthly Dividend of $0.13 on May 30th

Oxford Lane Capital Corp. (NASDAQ:OXLCP) announced a monthly dividend on Wednesday, January 29th, Wall Street Journal reports. Stockholders of record on Friday, May 16th will be paid a dividend of 0.1302 per share on Friday, May 30th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.40%. The ex-dividend date is Friday, May 16th.

Oxford Lane Capital Price Performance

Shares of OXLCP stock opened at $24.42 on Wednesday. Oxford Lane Capital has a 1 year low of $23.30 and a 1 year high of $24.44. The firm has a fifty day moving average price of $24.17 and a 200-day moving average price of $24.12.

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.