Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) announced a monthly dividend on Thursday, January 29th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.125 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Friday, May 15th.
Oxford Lane Capital Price Performance
Shares of NASDAQ:OXLCO opened at $24.27 on Wednesday. The stock’s 50-day moving average price is $23.57 and its two-hundred day moving average price is $23.49. Oxford Lane Capital has a 12-month low of $22.58 and a 12-month high of $24.98.
Oxford Lane Capital Company Profile
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.
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