Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) declared a monthly dividend on Tuesday, May 19th. Shareholders of record on Friday, July 17th will be paid a dividend of 0.1484 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Friday, July 17th.
Oxford Lane Capital Stock Up 0.5%
Shares of OXLCN stock opened at $24.80 on Wednesday. Oxford Lane Capital has a 12 month low of $23.80 and a 12 month high of $25.10. The firm’s 50-day moving average is $24.46 and its two-hundred day moving average is $24.45.
About Oxford Lane Capital
Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.
The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.
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