Oxford Lane Capital Corp. (NASDAQ:OXLCO – Get Free Report) announced a monthly dividend on Thursday, May 14th. Shareholders of record on Tuesday, June 16th will be paid a dividend of 0.125 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Tuesday, June 16th.
Oxford Lane Capital Stock Performance
Shares of NASDAQ OXLCO opened at $24.08 on Friday. Oxford Lane Capital has a one year low of $22.88 and a one year high of $24.98. The company’s fifty day moving average is $23.89 and its two-hundred day moving average is $23.60.
Oxford Lane Capital Company Profile
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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