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

Oxford Lane Capital Corp. (NASDAQ:OXLCN) announced a monthly dividend on Thursday, January 29th. Shareholders of record on Friday, May 15th will be given a dividend of 0.1484 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Friday, May 15th.

Oxford Lane Capital Stock Down 0.3%

Shares of OXLCN traded down $0.08 during trading hours on Friday, reaching $24.60. 3,063 shares of the company traded hands, compared to its average volume of 4,133. The stock’s fifty day moving average price is $24.42 and its 200 day moving average price is $24.36. Oxford Lane Capital has a 12-month low of $23.40 and a 12-month high of $24.78.

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.