Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) announced a monthly dividend on Thursday, November 5th. Shareholders of record on Friday, February 12th will be paid a dividend of $0.1484 per share on Friday, February 26th. This represents a $1.78 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Friday, February 12th.
Oxford Lane Capital Stock Up 0.1%
Shares of Oxford Lane Capital stock opened at $24.54 on Friday. The firm’s 50-day moving average price is $24.44 and its 200 day moving average price is $24.57. Oxford Lane Capital has a twelve month low of $23.93 and a twelve month high of $25.10.
Oxford Lane Capital Company Profile
Oxford Lane Capital Corp. is a closed-end investment company that focuses on collateralized loan obligations (CLOs). Its portfolio includes CLO equity and debt securities, which are backed primarily by pools of corporate loans.
The company seeks to generate income and capital appreciation through investments across different parts of the CLO capital structure. Its exposure is tied to the leveraged-loan and CLO markets, including securities issued in the United States and other markets.
Oxford Lane was formed in 2010 and is externally managed by Oxford Lane Management, LLC.
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