Oxford Lane Capital Corp. (NASDAQ:OXLCM) to Issue $0.17 Monthly Dividend

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

Oxford Lane Capital Stock Up 1.3%

Shares of OXLCM stock traded up $0.32 during trading hours on Tuesday, reaching $25.17. 13,693 shares of the stock traded hands, compared to its average volume of 15,826. Oxford Lane Capital has a 1-year low of $24.40 and a 1-year high of $25.48. The business has a fifty day moving average price of $25.10 and a 200 day moving average price of $25.01.

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