Oxford Lane Capital Corp. (OXLCI) to Distribute Quarterly Dividend of $0.55 on September 30th

Oxford Lane Capital Corp. (NASDAQ:OXLCI) announced a quarterly dividend on Saturday, September 12th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.5469 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Tuesday, September 15th.

Oxford Lane Capital Stock Up 0.1%

Shares of NASDAQ OXLCI opened at $25.77 on Friday. Oxford Lane Capital has a 12-month low of $25.10 and a 12-month high of $26.25. The stock’s fifty day simple moving average is $25.66 and its two-hundred day simple moving average is $25.60.

Institutional Trading of Oxford Lane Capital

An institutional investor recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCI) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 150,975 shares of the company’s stock, valued at approximately $3,871,000.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.