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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) announced a monthly dividend on Thursday, January 29th. Investors of record on Thursday, April 16th will be paid a dividend of 0.125 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Thursday, April 16th.

Oxford Lane Capital Price Performance

Shares of NASDAQ OXLCO traded down $0.01 during midday trading on Friday, reaching $23.76. The company’s stock had a trading volume of 2,056 shares, compared to its average volume of 2,975. The firm has a 50 day moving average price of $23.48 and a 200-day moving average price of $23.36. Oxford Lane Capital has a 12-month low of $22.28 and a 12-month high of $24.01.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Oxford Lane Capital stock. NBC Securities Inc. bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,267 shares of the company’s stock, valued at approximately $76,000.

About Oxford Lane Capital

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.