Oxford Lane Capital Corp. Plans Monthly Dividend of $0.13 (NASDAQ:OXLCO)

Oxford Lane Capital Corp. (NASDAQ:OXLCO) declared a monthly dividend on Thursday, January 29th. Stockholders of record on Thursday, April 16th will be paid a dividend of 0.125 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Thursday, April 16th.

Oxford Lane Capital Stock Down 0.0%

Shares of NASDAQ OXLCO traded down $0.01 during midday trading on Friday, reaching $23.76. The stock had a trading volume of 2,056 shares, compared to its average volume of 2,975. Oxford Lane Capital has a twelve month low of $22.28 and a twelve month high of $24.01. The company’s 50 day moving average price is $23.48 and its 200 day moving average price is $23.36.

About Oxford Lane Capital

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.