Oxford Lane Capital Corp. (NASDAQ:OXLCM – Get Free Report) declared a monthly dividend on Thursday, November 5th. Investors of record on Friday, January 15th will be given a dividend of $0.1719 per share on Friday, January 29th. This represents a $2.06 dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend is Friday, January 15th.
Oxford Lane Capital Stock Down 0.7%
NASDAQ:OXLCM opened at $24.62 on Friday. The business’s 50-day moving average price is $24.94 and its 200 day moving average price is $25.00. Oxford Lane Capital has a 52-week low of $24.35 and a 52-week high of $25.48.
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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