Oxford Lane Cap (NASDAQ:OXLC) declared a monthly dividend on Monday, February 12th, Wall Street Journal reports. Investors of record on Friday, April 20th will be given a dividend of 0.135 per share by the investment management company on Monday, April 30th. This represents a $1.62 dividend on an annualized basis and a yield of 15.30%. The ex-dividend date is Thursday, April 19th.
Shares of OXLC stock opened at $10.59 on Friday. Oxford Lane Cap has a 12 month low of $9.11 and a 12 month high of $11.10.
Separately, Zacks Investment Research upgraded Oxford Lane Cap from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 16th.
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About Oxford Lane Cap
Oxford Lane Capital Corp. is a non-diversified closed-end management investment company. The Fund’s investment objective is to maximize its portfolio’s risk adjusted total return and seeks to achieve its investment objective by investing in structured finance investments, specifically collateralized loan obligation (CLO) vehicles, which primarily own senior corporate debt securities.
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