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

by · The Cerbat Gem

Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) announced 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) annualized dividend and a yield of 7.2%. The ex-dividend date is Thursday, April 16th.

Oxford Lane Capital Stock Performance

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

About Oxford Lane Capital

(Get Free Report)

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.

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