Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) announced a monthly dividend on Tuesday, August 6th,Wall Street Journal reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.1302 per share on Friday, November 29th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date is Friday, November 15th.
Oxford Lane Capital has raised its dividend payment by an average of 4.1% annually over the last three years.
Oxford Lane Capital Price Performance
OXLCP opened at $24.06 on Thursday. Oxford Lane Capital has a fifty-two week low of $22.72 and a fifty-two week high of $24.16. The stock has a fifty day moving average of $23.97 and a 200-day moving average of $23.74.
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.
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