Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) declared a monthly dividend on Tuesday, May 19th. Investors of record on Monday, August 17th will be paid a dividend of 0.1484 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Monday, August 17th.
Oxford Lane Capital Stock Performance
Oxford Lane Capital stock opened at $24.80 on Wednesday. Oxford Lane Capital has a 1-year low of $23.80 and a 1-year high of $25.10. The firm’s fifty day simple moving average is $24.46 and its 200-day simple moving average is $24.45.
Oxford Lane Capital Company Profile
Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.
The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.
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