Oxford Lane Capital Corp. (OXLCN) to Distribute Monthly Dividend of $0.15 on July 31st

Oxford Lane Capital Corp. (NASDAQ:OXLCN) declared a monthly dividend on Thursday, May 14th. Stockholders of record on Friday, July 17th will be paid a dividend of 0.1484 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, July 17th.

Oxford Lane Capital Price Performance

OXLCN opened at $24.47 on Wednesday. The business has a 50 day simple moving average of $24.80 and a 200-day simple moving average of $24.57. Oxford Lane Capital has a 12 month low of $23.93 and a 12 month high of $25.10.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. purchased a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital accounts for approximately 3.0% of Karpus Management Inc.’s investment portfolio, making the stock its 11th biggest holding.

About Oxford Lane Capital

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.