Oxford Lane Capital Corp. Announces Monthly Dividend of $0.13 (NASDAQ:OXLCO)

Oxford Lane Capital Corp. (NASDAQ:OXLCO) announced a monthly dividend on Thursday, January 29th. Investors of record on Thursday, April 16th will be paid a dividend of 0.125 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Thursday, April 16th.

Oxford Lane Capital Stock Down 0.0%

Shares of OXLCO traded down $0.01 during trading hours on Friday, reaching $23.76. The stock had a trading volume of 2,056 shares, compared to its average volume of 2,975. Oxford Lane Capital has a 12 month low of $22.28 and a 12 month high of $24.01. The company’s 50-day moving average is $23.48 and its two-hundred day moving average is $23.36.

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.