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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) announced a monthly dividend on Tuesday, May 19th. Stockholders of record on Tuesday, June 16th will be given a dividend of 0.125 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date is Tuesday, June 16th.

Oxford Lane Capital Stock Up 0.5%

OXLCO opened at $23.65 on Wednesday. Oxford Lane Capital has a fifty-two week low of $22.58 and a fifty-two week high of $24.98. The business has a 50-day moving average of $23.61 and a 200-day moving average of $23.51.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Oxford Lane Capital stock. NBC Securities Inc. bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,267 shares of the company’s stock, valued at approximately $76,000.

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.