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

Oxford Lane Capital Corp. (NASDAQ:OXLCI) announced a quarterly dividend on Tuesday, May 19th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.5469 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date is Monday, June 15th.

Oxford Lane Capital Stock Performance

Shares of NASDAQ:OXLCI traded down $0.09 during trading on Wednesday, reaching $25.78. The stock had a trading volume of 7,724 shares, compared to its average volume of 6,952. The business has a fifty day moving average price of $25.49 and a 200-day moving average price of $25.66. Oxford Lane Capital has a 1-year low of $25.10 and a 1-year high of $26.25.

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.