Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) announced a monthly dividend on Thursday, January 29th. Stockholders of record on Tuesday, March 17th will be given a dividend of 0.125 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Tuesday, March 17th.
Oxford Lane Capital Stock Performance
OXLCO opened at $23.76 on Friday. The stock’s fifty day moving average is $23.49 and its two-hundred day moving average is $23.37. Oxford Lane Capital has a 52 week low of $22.28 and a 52 week high of $24.01.
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.
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