Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) announced a monthly dividend on Friday, January 30th. Investors of record on Tuesday, March 17th will be paid a dividend of 0.1302 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Tuesday, March 17th.
Oxford Lane Capital Trading Down 0.3%
Shares of OXLCP opened at $24.67 on Friday. Oxford Lane Capital has a fifty-two week low of $23.75 and a fifty-two week high of $24.97. The business’s 50-day moving average is $24.62 and its 200-day moving average is $24.51.
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.
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