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 Tuesday, June 16th will be paid a dividend of 0.125 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date is Tuesday, June 16th.

Oxford Lane Capital Stock Up 0.5%

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

Oxford Lane Capital Company Profile

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.