Oxford Lane Capital Corp. ( NASDAQ:OXLCO – Get Rating ) declared a monthly dividend on Tuesday, May 23rd, Wall Street Journal reports. Shareholders of record on Thursday, August 17th will be given a dividend of 0.125 per share on Thursday, August 31st. This represents a $1.50 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date of this dividend is Wednesday, August 16th. Oxford Lane Capital has decreased its dividend payment by an average of 7.2% annually over the last three years.

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