Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) announced a monthly dividend on Thursday, July 23rd. Investors of record on Wednesday, September 16th will be given a dividend of 0.125 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Wednesday, September 16th.
Oxford Lane Capital Stock Performance
Shares of OXLCO opened at $23.79 on Monday. The business’s fifty day moving average price is $24.00 and its 200 day moving average price is $23.82. Oxford Lane Capital has a 12-month low of $23.07 and a 12-month high of $24.98.
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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