Oxford Lane Capital Corp. (NASDAQ:OXLCM – Get Free Report) announced a monthly dividend on Thursday, November 5th. Stockholders of record on Friday, February 12th will be paid a dividend of $0.1719 per share on Friday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Friday, February 12th.
Oxford Lane Capital Trading Down 0.7%
Shares of Oxford Lane Capital stock opened at $24.62 on Friday. Oxford Lane Capital has a 52 week low of $24.35 and a 52 week high of $25.48. The firm has a fifty day moving average of $24.94 and a two-hundred day moving average of $25.00.
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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