Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) announced a monthly dividend on Thursday, July 23rd. Stockholders of record on Friday, October 16th will be paid a dividend of $0.1484 per share on Friday, October 30th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Friday, October 16th.
Oxford Lane Capital Stock Down 0.9%
Shares of Oxford Lane Capital stock opened at $24.25 on Wednesday. Oxford Lane Capital has a 12-month low of $23.93 and a 12-month high of $25.10. The stock’s fifty day moving average is $24.58 and its 200-day moving average is $24.64.
About Oxford Lane Capital
Oxford Lane Capital Corp. is a closed-end management investment company focused primarily on generating income from investments in collateralized loan obligations (CLOs). CLOs are securities backed by portfolios of corporate loans, and Oxford Lane invests mainly in their equity and junior debt tranches, which generally have greater exposure to the performance of the underlying loan portfolios.
The company may also invest in other structured finance assets and corporate debt securities.
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