Oxford Lane Capital Corp. (NASDAQ:OXLCO) Plans $0.13 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCO) announced a monthly dividend on Thursday, January 29th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.125 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, May 15th.

Oxford Lane Capital Price Performance

OXLCO stock traded down $0.01 during mid-day trading on Friday, reaching $23.76. 2,056 shares of the company traded hands, compared to its average volume of 2,975. Oxford Lane Capital has a fifty-two week low of $22.28 and a fifty-two week high of $24.01. The firm’s 50 day moving average price is $23.48 and its 200 day moving average price is $23.36.

Oxford Lane Capital Company Profile

Oxford Lane Capital is a closed-end management investment company that specializes in corporate credit and structured finance. The fund primarily invests in equity and debt tranches of collateralized loan obligations (CLOs) managed by established collateral managers. In addition to CLO exposures, the portfolio may include senior secured loans and select dividend-paying common and preferred equity securities to enhance yield and diversification.

Since commencing operations in 2013, Oxford Lane Capital has pursued a credit-focused strategy designed to capture income and capital appreciation through active portfolio management.