Oxford Lane Capital Corp. (OXLCM) to Issue Monthly Dividend of $0.17 on June 30th

Oxford Lane Capital Corp. (NASDAQ:OXLCM) announced a monthly dividend on Thursday, May 14th. Shareholders of record on Tuesday, June 16th will be given a dividend of 0.1719 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date of this dividend is Tuesday, June 16th.

Oxford Lane Capital Stock Performance

Shares of Oxford Lane Capital stock opened at $25.06 on Friday. Oxford Lane Capital has a 1-year low of $24.40 and a 1-year high of $25.48. The stock’s 50 day simple moving average is $25.12 and its 200-day simple moving average is $25.01.

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.