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

Oxford Lane Capital Corp. (NASDAQ:OXLCI) announced a quarterly dividend on Sunday, August 16th. Shareholders of record on Tuesday, December 15th will be given a dividend of 0.5469 per share on Thursday, December 31st. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Tuesday, December 15th.

Oxford Lane Capital Stock Performance

Shares of OXLCI opened at $25.76 on Monday. The company’s fifty day moving average is $25.58 and its 200-day moving average is $25.61. Oxford Lane Capital has a 12 month low of $25.10 and a 12 month high of $26.25.

Hedge Funds Weigh In On Oxford Lane Capital

An institutional investor recently bought a new stake in Oxford Lane Capital stock. Karpus Management Inc. purchased a new position in Oxford Lane Capital Corp. (NASDAQ:OXLCI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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.