Oxford Lane Capital Corp. (NASDAQ:OXLCI) Plans Quarterly Dividend of $0.55

Oxford Lane Capital Corp. (NASDAQ:OXLCI) declared a quarterly dividend on Sunday, February 15th, NASDAQ Dividends reports. Shareholders of record on Sunday, March 15th will be given a dividend of 0.5469 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Friday, March 13th.

Oxford Lane Capital Trading Up 0.0%

Shares of NASDAQ OXLCI traded up $0.01 during trading on Friday, reaching $25.83. The stock had a trading volume of 4,860 shares, compared to its average volume of 9,482. Oxford Lane Capital has a fifty-two week low of $24.93 and a fifty-two week high of $26.25. The business’s 50-day moving average price is $25.72 and its 200-day moving average price is $25.72.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.