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

Oxford Lane Capital Corp. (NASDAQ:OXLCP) announced a monthly dividend on Friday, January 30th. Investors of record on Tuesday, March 17th will be paid a dividend of 0.1302 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Tuesday, March 17th.

Oxford Lane Capital Price Performance

Oxford Lane Capital stock traded down $0.08 during midday trading on Friday, hitting $24.67. 15,857 shares of the company’s stock were exchanged, compared to its average volume of 6,778. The stock has a 50-day moving average price of $24.62 and a two-hundred day moving average price of $24.51. Oxford Lane Capital has a 52-week low of $23.75 and a 52-week high of $24.97.

Oxford Lane Capital Company Profile

Oxford Lane Capital Corp is a closed‐end, externally managed registered investment company listed on the NASDAQ under the ticker symbol OXLCP. The firm’s primary objective is to generate high current income and capital appreciation potential by investing in collateralized loan obligations (CLOs). It employs a hybrid investment strategy that includes both debt and equity tranches of U.S. senior secured loans, providing investors with exposure to floating‐rate assets that can adjust with interest‐rate movements.

The company’s portfolio is predominantly comprised of equity and debt tranches of newly issued and seasoned CLOs managed by established asset managers.