Oxford Lane Capital Corp. (NASDAQ:OXLCP – Get Free Report) declared a monthly dividend on Thursday, January 29th. Stockholders of record on Thursday, April 16th will be paid a dividend of 0.1302 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Thursday, April 16th.
Oxford Lane Capital Price Performance
OXLCP opened at $24.67 on Friday. The stock’s fifty day moving average is $24.62 and its 200-day moving average is $24.51. Oxford Lane Capital has a one year low of $23.75 and a one year 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.
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