Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) declared a monthly dividend on Thursday, July 23rd. Shareholders of record on Friday, October 16th will be given a dividend of $0.1484 per share on Friday, October 30th. This represents a $1.78 annualized dividend and a yield of 7.3%. The ex-dividend date is Friday, October 16th.
Oxford Lane Capital Price Performance
OXLCN stock opened at $24.25 on Wednesday. Oxford Lane Capital has a twelve month low of $23.93 and a twelve month high of $25.10. The business’s fifty day moving average is $24.58 and its 200-day moving average is $24.64.
Oxford Lane Capital Company Profile
Oxford Lane Capital Corp. is a closed-end management investment company focused primarily on generating income from investments in collateralized loan obligations (CLOs). CLOs are securities backed by portfolios of corporate loans, and Oxford Lane invests mainly in their equity and junior debt tranches, which generally have greater exposure to the performance of the underlying loan portfolios.
The company may also invest in other structured finance assets and corporate debt securities.
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