Oxford Lane Capital Corp. (NASDAQ:OXLCI) Plans $0.55 Quarterly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCI) announced a quarterly dividend on Sunday, February 15th, NASDAQ Dividends reports. Investors of record on Sunday, March 15th will be paid a dividend of 0.5469 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date is Friday, March 13th.

Oxford Lane Capital Trading Up 0.0%

OXLCI traded up $0.01 on Friday, reaching $25.83. 4,860 shares of the company traded hands, compared to its average volume of 9,482. The firm has a fifty day simple moving average of $25.72 and a two-hundred day simple moving average of $25.72. Oxford Lane Capital has a one year low of $24.93 and a one year high of $26.25.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.