Oxford Lane Capital Corp. (NASDAQ:OXLCM) Plans $0.17 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCM) announced a monthly dividend on Tuesday, July 28th. Investors of record on Friday, October 16th will be given a dividend of 0.1719 per share on Friday, October 30th. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date is Friday, October 16th.

Oxford Lane Capital Stock Up 1.3%

Oxford Lane Capital stock traded up $0.32 during mid-day trading on Tuesday, hitting $25.17. 13,693 shares of the company’s stock traded hands, compared to its average volume of 15,826. The firm has a 50 day moving average price of $25.10 and a 200 day moving average price of $25.01. Oxford Lane Capital has a one year low of $24.40 and a one year high of $25.48.

Oxford Lane Capital Company Profile

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. Oxford Lane Capital Corp was formed on June 9, 2010 and is domiciled in the United States.