Oxford Lane Capital Corp. (NASDAQ:OXLCM – Get Free Report) announced a monthly dividend on Thursday, November 5th. Investors of record on Thursday, December 17th will be given a dividend of $0.1719 per share on Thursday, December 31st. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date is Thursday, December 17th.
Oxford Lane Capital Price Performance
Shares of Oxford Lane Capital stock opened at $24.62 on Friday. The stock has a 50 day moving average of $24.94 and a 200 day moving average of $25.00. Oxford Lane Capital has a 12 month low of $24.35 and a 12 month high of $25.48.
About Oxford Lane Capital
Oxford Lane Capital Corp. is a publicly traded, closed-end investment company focused primarily on collateralized loan obligation (CLO) securities. Its portfolio consists mainly of CLO equity and junior debt tranches, which represent different levels of risk and potential returns within CLO structures.
CLOs typically hold diversified portfolios of senior secured loans, largely to below-investment-grade companies. Oxford Lane’s investments therefore provide exposure to the leveraged-loan market, primarily in the United States.
Oxford Lane Capital is externally managed by Oxford Lane Management, LLC.
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