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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) announced a monthly dividend on Thursday, January 29th. Stockholders of record on Friday, May 15th will be given a dividend of 0.125 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, May 15th.

Oxford Lane Capital Stock Performance

Shares of OXLCO traded down $0.01 during trading hours on Friday, hitting $23.76. The stock had a trading volume of 2,056 shares, compared to its average volume of 2,975. The firm has a 50-day moving average price of $23.48 and a 200 day moving average price of $23.36. Oxford Lane Capital has a fifty-two week low of $22.28 and a fifty-two week high of $24.01.

About Oxford Lane Capital

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.