Oxford Lane Capital Corp. (OXLCN) to Issue Monthly Dividend of $0.15 on January 30th

Oxford Lane Capital Corp. (NASDAQ:OXLCN) announced a monthly dividend on Friday, October 24th. Investors of record on Friday, January 16th will be given a dividend of 0.1484 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Friday, January 16th.

Oxford Lane Capital Stock Performance

OXLCN traded up $0.08 during trading on Wednesday, reaching $24.57. The company had a trading volume of 11,462 shares, compared to its average volume of 5,033. Oxford Lane Capital has a 12 month low of $23.40 and a 12 month high of $24.75. The business’s fifty day moving average price is $24.38 and its 200 day moving average price is $24.34.

About Oxford Lane Capital

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.