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

Oxford Lane Capital Corp. (NASDAQ:OXLCI) declared a quarterly dividend on Friday, January 1st. Stockholders of record on Monday, June 15th will be paid a dividend of 0.5469 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date is Monday, June 15th.

Oxford Lane Capital Price Performance

Shares of NASDAQ:OXLCI opened at $25.86 on Friday. The company’s 50 day simple moving average is $25.66 and its 200 day simple moving average is $25.66. Oxford Lane Capital has a 1 year low of $25.10 and a 1 year high of $26.25.

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.