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

Oxford Lane Capital Corp. (NASDAQ:OXLCN) announced a monthly dividend on Friday, October 24th. Stockholders of record on Friday, February 13th will be paid a dividend of 0.1484 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Friday, February 13th.

Oxford Lane Capital Trading Up 0.6%

Shares of OXLCN opened at $24.73 on Wednesday. The stock has a 50 day moving average price of $24.48 and a 200 day moving average price of $24.38. Oxford Lane Capital has a one year low of $23.40 and a one year 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.