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

Oxford Lane Capital Corp. (NASDAQ:OXLCP) announced a monthly dividend on Thursday, January 29th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.1302 per share on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Friday, May 15th.

Oxford Lane Capital Price Performance

Shares of Oxford Lane Capital stock traded down $0.08 during mid-day trading on Friday, reaching $24.67. 15,857 shares of the stock traded hands, compared to its average volume of 6,778. Oxford Lane Capital has a fifty-two week low of $23.75 and a fifty-two week high of $24.97. The business has a 50-day moving average of $24.62 and a 200 day moving average of $24.51.

About Oxford Lane Capital

Oxford Lane Capital Corp is a closed‐end, externally managed registered investment company listed on the NASDAQ under the ticker symbol OXLCP. The firm’s primary objective is to generate high current income and capital appreciation potential by investing in collateralized loan obligations (CLOs). It employs a hybrid investment strategy that includes both debt and equity tranches of U.S. senior secured loans, providing investors with exposure to floating‐rate assets that can adjust with interest‐rate movements.

The company’s portfolio is predominantly comprised of equity and debt tranches of newly issued and seasoned CLOs managed by established asset managers.