Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) announced a monthly dividend on Thursday, May 14th. Investors of record on Tuesday, June 16th will be given a dividend of 0.125 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Tuesday, June 16th.
Oxford Lane Capital Price Performance
OXLCO opened at $24.08 on Friday. The firm has a 50 day simple moving average of $23.89 and a 200 day simple moving average of $23.60. Oxford Lane Capital has a fifty-two week low of $22.88 and a fifty-two week high of $24.98.
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.
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