Oxford Lane Capital Corp. (OXLCP) To Go Ex-Dividend on January 16th

Oxford Lane Capital Corp. (NASDAQ:OXLCP) announced a monthly dividend on Friday, October 24th. Shareholders of record on Friday, January 16th will be paid a dividend of 0.1302 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Friday, January 16th.

Oxford Lane Capital Stock Up 0.1%

Shares of NASDAQ:OXLCP traded up $0.04 on Wednesday, hitting $24.68. The company had a trading volume of 2,517 shares, compared to its average volume of 4,290. Oxford Lane Capital has a 52-week low of $23.75 and a 52-week high of $24.97. The business has a 50 day moving average of $24.58 and a 200 day moving average of $24.48.

Institutional Investors Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Resources Management Corp CT ADV bought a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCP) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 13,200 shares of the company’s stock, valued at approximately $320,000.

About Oxford Lane Capital

Oxford Lane Capital Corp is a closed‐end, externally managed registered investment company listed on the NASDAQ under the ticker symbol OXLCP. The firm’s primary objective is to generate high current income and capital appreciation potential by investing in collateralized loan obligations (CLOs). It employs a hybrid investment strategy that includes both debt and equity tranches of U.S. senior secured loans, providing investors with exposure to floating‐rate assets that can adjust with interest‐rate movements.

The company’s portfolio is predominantly comprised of equity and debt tranches of newly issued and seasoned CLOs managed by established asset managers.