Oxford Lane Capital Corp. (OXLCN) to Distribute Monthly Dividend of $0.15 on August 31st

Oxford Lane Capital Corp. (NASDAQ:OXLCN) announced a monthly dividend on Thursday, May 14th. Stockholders of record on Monday, August 17th will be given a dividend of 0.1484 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Monday, August 17th.

Oxford Lane Capital Stock Performance

Shares of Oxford Lane Capital stock opened at $24.77 on Friday. Oxford Lane Capital has a 1 year low of $23.93 and a 1 year high of $25.10. The business has a 50 day moving average price of $24.73 and a 200 day moving average price of $24.61.

Hedge Funds Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. acquired a new position in shares of Oxford Lane Capital Corp. (NASDAQ:OXLCN) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital comprises 3.0% of Karpus Management Inc.’s investment portfolio, making the stock its 11th biggest holding.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.