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

Oxford Lane Capital Corp. (NASDAQ:OXLCO) declared a monthly dividend on Tuesday, May 19th. Investors of record on Friday, July 17th will be paid a dividend of 0.125 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, July 17th.

Oxford Lane Capital Trading Up 0.5%

Shares of Oxford Lane Capital stock opened at $23.65 on Wednesday. Oxford Lane Capital has a 52-week low of $22.58 and a 52-week high of $24.98. The company has a 50 day moving average of $23.61 and a 200 day moving average of $23.51.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Oxford Lane Capital stock. NBC Securities Inc. bought a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,267 shares of the company’s stock, valued at approximately $76,000.

About Oxford Lane Capital

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.