Oxford Lane Capital Corp. (NASDAQ:OXLCN) to Issue Monthly Dividend of $0.15

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Thursday, January 29th. Shareholders of record on Thursday, April 16th will be paid a dividend of 0.1484 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Thursday, April 16th.

Oxford Lane Capital Price Performance

Shares of Oxford Lane Capital stock traded down $0.08 during midday trading on Friday, hitting $24.60. 3,063 shares of the company were exchanged, compared to its average volume of 4,133. The firm has a 50 day simple moving average of $24.42 and a 200-day simple moving average of $24.36. Oxford Lane Capital has a 52 week low of $23.40 and a 52 week high of $24.78.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.