Oxford Lane Capital Corp. (NASDAQ:OXLCN) Raises Dividend to $0.15 Per Share

Oxford Lane Capital Corp. (NASDAQ:OXLCN) announced a monthly dividend on Wednesday, November 13th,Wall Street Journal reports. Investors of record on Friday, January 17th will be given a dividend of 0.1484 per share on Friday, January 31st. This represents a $1.78 annualized dividend and a yield of 7.29%. The ex-dividend date of this dividend is Friday, January 17th. This is an increase from Oxford Lane Capital’s previous monthly dividend of $0.15.

Oxford Lane Capital Price Performance

OXLCN stock traded down $0.03 during mid-day trading on Thursday, hitting $24.43. The stock had a trading volume of 1,229 shares, compared to its average volume of 2,943. The firm has a fifty day simple moving average of $24.26 and a 200 day simple moving average of $24.08. Oxford Lane Capital has a 52 week low of $22.49 and a 52 week high of $24.50.

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.