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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) announced a monthly dividend on Friday, October 24th. Stockholders of record on Friday, February 13th will be paid a dividend of 0.125 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Friday, February 13th.

Oxford Lane Capital Trading Down 0.5%

OXLCO stock opened at $23.64 on Wednesday. The business’s fifty day moving average price is $23.52 and its 200 day moving average price is $23.38. Oxford Lane Capital has a 12-month low of $22.28 and a 12-month high of $24.01.

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.