Oxford Lane Capital Corp. (NASDAQ:OXLCO) to Issue $0.13 Monthly Dividend

Oxford Lane Capital Corp. (NASDAQ:OXLCO) announced a monthly dividend on Friday, October 24th. Shareholders of record on Friday, January 16th will be given a dividend of 0.125 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Friday, January 16th.

Oxford Lane Capital Stock Down 0.1%

Shares of OXLCO opened at $23.65 on Wednesday. The business’s 50-day moving average is $23.44 and its two-hundred day moving average is $23.33. Oxford Lane Capital has a fifty-two week low of $22.28 and a fifty-two week high of $24.01.

Oxford Lane Capital Company Profile

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.