Oxford Lane Capital Corp. (NASDAQ:OXLCN) Announces Monthly Dividend of $0.15

Oxford Lane Capital Corp. (NASDAQ:OXLCN) announced a monthly dividend on Tuesday, May 19th. Stockholders of record on Tuesday, June 16th will be paid a dividend of 0.1484 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date is Tuesday, June 16th.

Oxford Lane Capital Trading Up 0.5%

Oxford Lane Capital stock opened at $24.80 on Wednesday. Oxford Lane Capital has a 12 month low of $23.80 and a 12 month high of $25.10. The business’s 50 day simple moving average is $24.46 and its 200 day simple moving average is $24.45.

Hedge Funds Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. acquired a new stake in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital comprises about 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.