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

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Friday, January 24th, NASDAQ Dividends reports. Investors of record on Monday, March 17th will be given a dividend of 0.1484 per share on Monday, March 31st. This represents a $1.78 annualized dividend and a yield of 7.39%. The ex-dividend date of this dividend is Monday, March 17th.

Oxford Lane Capital Price Performance

NASDAQ:OXLCN opened at $24.12 on Friday. Oxford Lane Capital has a 12-month low of $23.21 and a 12-month high of $24.50. The firm has a 50-day moving average price of $24.27 and a 200 day moving average price of $24.22.

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.