Oxford Lane Capital Corp. (NASDAQ:OXLCI) Plans Quarterly Dividend of $0.55

Oxford Lane Capital Corp. (NASDAQ:OXLCI) announced a quarterly dividend on Saturday, August 15th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.5469 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Oxford Lane Capital Stock Performance

OXLCI stock opened at $25.76 on Friday. Oxford Lane Capital has a 12 month low of $25.10 and a 12 month high of $26.25. The firm has a 50-day moving average of $25.58 and a two-hundred day moving average of $25.61.

Institutional Investors Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. purchased a new stake in Oxford Lane Capital Corp. (NASDAQ:OXLCI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 150,975 shares of the company’s stock, valued at approximately $3,871,000.

Oxford Lane Capital Corp is a closed-end management investment company that seeks to generate current income by investing primarily in debt and debt-related securities of U.S. middle market companies. The firm focuses on senior secured loans, mezzanine debt, unitranche facilities and other structured credit instruments, and may also hold equity or equity-related investments such as collateralized loan obligation (CLO) equity tranches. By targeting cash-flow-oriented businesses, the company aims to deliver regular distributions to its shareholders.

Since its initial public offering in late 2012, Oxford Lane Capital has deployed capital across a diverse mix of industries, including manufacturing, business services and healthcare.